Week In Review: How Trump's Policies Moved Stocks- Saturday, June 8

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:


President Trump has threatened to hit China with "at least" another $300B of tariffs, but said he believes both China and Mexico want to make deals in their trade disputes with the U.S., Reuters' Steve Holland and Stella Qiu reported on Thursday. Trump told reporters before boarding Air Force One at the Irish airport of Shannon on his way to France for D-Day commemorations that talks with China were ongoing, but no face-to-face meetings have been held since May 10. He commented that, "Our talks with China, a lot of interesting things are happening. We'll see what happens... I could go up another at least $300B and I'll do that at the right time." He did not specify which goods could be impacted.


Earlier this week, President Trump said that 5% tariffs on Mexico would take effect next week as his administration threatened to steadily increase tariffs up to 25% by October unless Mexico curtails the flow of migrants entering the U.S. southern border illegally. While trade negotiators for the U.S. and Mexico failed to reach an agreement on trade matters at their meeting on Wednesday, according to a CNBC report, Trump announced via Twitter on Friday that both nations had reached an agreement and that he had suspended plans to impose tariffs on Mexico. "I am pleased to inform you that The United States of America has reached a signed agreement with Mexico. The Tariffs scheduled to be implemented by the U.S. on Monday, against Mexico, are hereby indefinitely suspended. Mexico, in turn, has agreed to take strong measures to... stem the tide of Migration through Mexico, and to our Southern Border. This is being done to greatly reduce, or eliminate, Illegal Immigration coming from Mexico and into the United States. Details of the agreement will be released shortly by the State Department. Thank you!," he wrote.

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