Week In Review: How Trump's Policies Moved Stocks - January 19, 2020

U.S. and China sign "Phase 1" trade deal after Trump said to threaten European vehicle 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. PHASE 1 DEAL SIGNED: Earlier this week the U.S. and China signed an initial trade agreement that will roll back certain tariffs and increase Chinese purchases of U.S. goods and services. The two sides have portrayed their "Phase 1" pact as a momentous step after months of discussions punctuated by tit-for-tat tariffs, Reuters said. "Together we are righting the wrongs of the past and delivering a future of economic justice and security for American workers, farmers and families," President Trump said in announcing the deal.

At the signing event related to the deal, President Trump said that he has no doubt David Calhoun, Boeing's (BA) new CEO, will be able to turn the company around as it deals with the fallout from the two fatal crashes of its 737 MAX plane. Trump added that Boeing must move quickly to address the safety concerns over the grounded aircraft.

Meanwhile, Boeing's Calhoun said in a statement following the trade deal announcement: "Boeing has a long-standing partnership with China that spans nearly 50 years. We're proud that Boeing airplanes will continue to be a part of this valued relationship, one that has fueled aerospace innovation and sustained manufacturing jobs. Boeing applauds Presidents Trump and Xi as well as Vice Premier Liu, Secretary Mnuchin and Ambassador Lighthizer for their leadership in building a fair and mutually-beneficial trading relationship between the United States and China."

2. TARIFFS ON EUROPEAN VEHICLES: The Trump administration secretly threatened to impose a 25% tariff on European vehicles if Germany, France and Britain refused to call out Iran and begin a dispute mechanism over the country's nuclear deal, The Washington Post's John Hudson and Souad Mekhennet reported, citing European officials familiar with the conversations. The threat came a week before the countries would formally accuse Iran of violating the deal which led to a recourse provision that could reimplement UN sanctions on Iran. Publicly traded European automakers include Daimler AG (DDAIF), Fiat Chrysler (FCAU) and Volkswagen (VWAGY).

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Option777 2 months ago Contributor's comment

So instead of talking about the macro perspective, you choose to knit pick tiny issues in a giant bubble. Waste of time!

Bill Johnson 2 months ago Member's comment

I disagree Option777. This isn't meant to be an in-depth analysis, but a quick review of the important topics from the past week. Though I do think it's be more helpful if they linked to articles that covered these topics more thoroughly.

Option777 2 months ago Contributor's comment

Guys like you are just dancing around the fire.

Adam Reynolds 2 months ago Member's comment

How so? What "fire?"

Option777 2 months ago Contributor's comment

The economic fire lurking under the surafce whose excistence you are ignorant about until it's too late. Typical. That's why I try to tune guys like you out, for my own good. You cloud people's focus with useless facts. Let me be clear. Everything goes up together and everything crashes together. Learn it please and thank you!

Adam Reynolds 2 months ago Member's comment

Why are you being so rude? One of the reasons I really like this site is because the comments tend to be higher brow and more respectful. All I did was ask what you meant as I was genuinely curious. Insulting rather than converse is not constructive, nor is it welcome here. It's not a great way to pick up followers either.

Option777 2 months ago Contributor's comment

You'd be better served to zero in on the substance of what I am saying and overlook the mannerisms, if possible. I know I come across as rude but I am just trying to make a point.

Option777 2 months ago Contributor's comment

My apologies Bill you are right. I missed the "weekly review" part. But let me just make my stance clear for the record, WE ARE IN A BUBBLE.

Bill Johnson 2 months ago Member's comment

Yes, Sherief, I agree with you on that. But for the record, I also agree with Adam. Please keep the conversation constructive.

Option777 2 months ago Contributor's comment

I agree Bill. It's just about perspective. But here's what I learned in my short life thus far. If I sugar coat, the message won't come across. How do you think Trump became President? By being "nice" to Adam? I don't think so.

Angry Old Lady 2 months ago Member's comment

Lol, no #Trump certainly did not become president due to his kindness ;-)

Option777 2 months ago Contributor's comment

"That I can tell you ☝️" lol

Option777 2 months ago Contributor's comment

Angry Old Lady Thank you, madam.