Tag Archives: trade wars

ThinkProgress reports: Billionaire investor and longtime Trump confidant Carl Icahn 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, Icahn disclosed that he systematically sold off nearly 1 million shares of Manitowoc …

CNBC reports: Even if new tariffs on steel and aluminum spark an international trade war, President Donald Trump is confident the United States would come out on top. Trump announced Thursday that he will impose 25 percent tariff on steel and a 10 percent tariff on aluminum as early as next week in an effort to force partners into “fairer” …