But one billionaire investor and former Trump adviser, Carl Icahn, was seemingly unvexed, having dumped a million shares tied to the steel industry a week before the president announced 25 percent tariffs for foreign-made steel. The European Union, for example, is considering duties on U.S. imports worth about $3.5 billion if the White House enacts its tariffs, Reuters reported Friday. “We’ll be imposing tariffs on steel imports and tariffs on aluminum imports,” Trump announced at the White House Thursday. Many involved in the deal thought Icahn had outmaneuvered Trump, according to The Washington Post’s Drew Harwell. In return, Icahn endorsed Trump, saying the country would be “lucky” to have him in the Oval Office, Harwell reported.

Source: Washington Post March 03, 2018 03:04 UTC