- Investor Carl Icahn, a former adviser to President Donald Trump, denied having any knowledge of new steel and aluminum tariffs prior to their announcement.
- Icahn sold roughly $31 million worth of crane manufacturer Manitowoc's stock in February, shortly before the announcement of new tariffs on steel.
- Manitowoc uses steel as an input for its cranes.
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Carl Icahn denies wrongdoing after selling $31 million in steel-related stock before Trump's tariff announcement
Carl Icahn said he had no knowledge of Trump's tariff decision when he sold $31 million of a crane manufacturer's stock. The stock tanked after the annoucement.
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Investing legend Carl Icahn denied having any knowledge of President Donald Trump's decision to impose tariffs on imports of steel and aluminum after questions were raised about Icahn's sale of a steel-related stock before the announcement.
Icahn, who has advised Trump, said the sale of more than 1 million shares of crane manufacturer Manitowoc was not connected to the tariffs. The company uses steel as a primary input for its products.
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