Week In Review: How Trump's Policies Moved Stocks - June 1, 2019

Trump says 'not ready' to making a trade deal with China; threatens tariffs on Mexico

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. MEXICO THREAT: On Thursday night, President Trump announced that starting on June 10, the U.S. will impose a 5% tariff on all goods imported from Mexico, which will be raised to 10% on July 1 if Mexico has not taken action to "dramatically reduce or eliminate the number of illegal aliens" crossing into the United States. Tariffs will be increased steadily to 25% by October, Trump has threatened. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin are opposed to President Trump's Mexico tariffs plans, according to CNBC's Kayla Tausche, citing a source close to the White House. Following the news, many of the worst performers in the S&P 500 on Friday were companies and sectors with outsized exposure to Mexico, including Kansas City Southern (KSU), Constellation Brands (STZ-B) and a number of automakers and auto parts suppliers like General Motors (GM) and Delphi Technologies (DLPH).

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