How Trump's Policies Moved Stocks This Past Week

China trade news sends market on roller coaster as France, Brazil, Argentina targeted by tariffs

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:

1. CHINA TRADE TALK UP AND DOWN: On Tuesday, President Trump told reporters in London that it might be better to wait until after the 2020 election to reach a trade deal with China. CNBC quoted the U.S. leader as having said: "In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right." When asked if he had a deadline for the deal, he added: "I have no deadline, no ... In some ways I think it is better to wait until after the election, if you want to know the truth." 

Then, the next day, Bloomberg reported that the U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a "phase one" trade deal. People familiar with the talks said that President Donald Trump's comments yesterday downplaying the urgency of a deal shouldn't be understood to mean the talks were stalling, the report added. U.S. negotiators expect a phase-one deal with China to be completed before American tariffs are set to rise on December 15, the report also said.

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