Is this the reason for ShitGibbon's tariff war?

[fleur-de-lisa]

Trump confidant dumped millions in steel-related stock last week, days before tariff announcement

https://thinkprogress.org/trump-ichan-steel-imports-cf7deb8beaf0/

Billionaire investor and longtime Trump confidant Carl Ichan dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports.

In a little-noticed SEC filing submitted on February 22, 2018, Ichan disclosed that he systematically sold off nearly 1 million shares of Manitowoc Company Inc. Manitowoc is a “is a leading global manufacturer of cranes and lifting solutions” and, therefore, heavily dependent on steel to make its products.

The filing came just seven days before a White House event where Trump announced his intention of imposing a 25 percent tariff on steel imports. Trump’s announcement rattled the markets, with steel-dependent stocks hardest hit. Manitowoc stock plunged, losing about 6 percent of its value. Reuters attributed the drop to the fact that Manitowoc is a “major consumer of steel.” As of 10:20 a.m. Friday, the stock had lost an additional 6 percent, trading at $26.21.

Ichan was required to make the disclosure because of the large volume of his sale. The filing reveals that he began systematically selling the stock on February 12, when he was able to sell the stock for $32 to $34.

[poboy2]

1. Raw, naked, blunt, insider trading. -eom

[YessirAtsaFact]

2. Icahn will buy it back at 50% of what he sold it for

Then, a week or two later OrangeTurd will backpedal on tariffs and Icahn will sell at a huge profit.

[dhill926]

3. and the media will yawn....

[JDC]

4. Crony Capitalism Personified.

[GeorgeGist]

5. FYI ...

It's pronounced 'I Con'.

[oasis]

6. K and R because this needs huge exposure.

[dalton99a]

7. Kick