Week In Review: How Trump's Policies Moved Stocks - Saturday, Feb. 2

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:

U.S.-CHINA TRADE TALKS 

President Donald Trump tweeted on Thursday that, "China's top trade negotiators are in the U.S. meeting with our representatives. Meetings are going well with good intent and spirit on both sides. China does not want an increase in Tariffs and feels they will do much better if they make a deal. They are correct. I will be meeting with their top leaders and representatives [on Thursday] in the Oval Office. No final deal will be made until my friend President Xi, and I, meet in the near future to discuss and agree on some of the long standing and more difficult points. Very comprehensive transaction... China's representatives and I are trying to do a complete deal, leaving NOTHING unresolved on the table. All of the many problems are being discussed and will be hopefully resolved. Tariffs on China increase to 25% on March 1st, so all working hard to complete by that date!"

Earlier this week, The Wall Street Journal had reported that the two sides remain "sharply divided" ahead of the March 1st deadline. China Vice Premier Liu He is expected to offer an increase in the buying of U.S. farm products and energy along with "modest" industrial policy reforms, but intends to push back against U.S. authorities' call for "deep structural changes," the report added.

STEEL TARIFFS 

Using his Twitter account, President Donald Trump said earlier this week that, "Tariffs on the 'dumping' of Steel in the United States have totally revived our Steel Industry. New and expanded plants are happening all over the U.S. We have not only saved this important industry, but created many jobs. Also, billions paid to our treasury. A BIG WIN FOR U.S." Publicly traded companies in the steel space include AK Steel (AKS), ArcelorMittal (MT), Nucor (NUE), Steel Dynamics (STLD), TimkenSteel (TMST) and U.S. Steel (X).

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