Week In Review: How Trump's Policies Moved Stocks - Dec 31th

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 Trump and his administration with this weekly recap compiled by The Fly:

1. TRUMP MULLS BAN ON HUAWEI, ZTE PURCHASES: President Donald Trump is mulling an executive order in 2019 to declare a national emergency that would prohibit U.S. companies from using telecommunications equipment made by China's Huawei and ZTE (ZTCOY), Reuters reported on Monday, citing three sources familiar with the matter. The U.S. claims that the two companies work on behalf of the Chinese government with their equipment potentially being used to spy on Americans and the executive order may be issued as early as January directing the Commerce Department to ban U.S. companies from purchasing the equipment.

2. AUTO TARIFFS: President Trump has a lot of flexibility in deciding whether and how to impose automotive tariffs, according to Financial Times, citing commerce secretary Wilbur Ross. The commerce department is winding up a report on whether there will be a negative impact from imported cars and car parts to U.S. national security, the publication added. Trump will have 90 days from the report's February 17 due date to take action and proceed with tariffs. Ross said the U.S. was intent on correcting a trade imbalance in autos since World War II and that the report is still in progress. Publicly traded companies in the space include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).

3. TRUMP SAYS FED IS ‘ONLY PROBLEM’: In a tweet, President Trump said that, "The only problem our economy has is the Fed. They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can't score because he has no touch - he can't putt!"

4. U.S.-CHINA TRADE: A U.S. government delegation led by Deputy U.S. Trade Representative Jeffrey Gerrish will travel to Beijing in the week of January 7th to hold talks with their Chinese counterparts, Bloomberg reported, citing two people familiar with the plans.

5. STEEL TARIFFS: India is in talks with the U.S. over exemptions on steel tariffs, the country's steel secretary said on Friday, according to a Reuters report. India will also seek relief from Canada over quotas and tariffs next month, Binoy Kumar, the top most bureaucrat in India's steel ministry, told the publication. Publicly traded companies in the space include AK Steel (AKS), Nucor (NUE) and U.S. Steel (X).

Disclaimer: TheFly's news is intended for informational purposes only and does not claim to be actionable for investment decisions. Read more at  more

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