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:

U.S.-CHINA TRADE TALKS

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.

MEXICO TARIFFS

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.

General Electric (GE) is still waiting to see how President Donald Trump's tariffs on Mexico will impact its business, Brian Sozzi of Yahoo Finance reported on Thursday, citing GE CFO Jamie Miller at a conference. Toyota (TM) also told its U.S. dealers that it anticipates that tariffs on Mexican imports threatened by President Trump could cost the car maker's major suppliers between $215M-$1.07B, according to Reuters, citing an email. Bob Carter, the company's North American sales chief, said in the email that 65% of the Tacoma midsize pickup trucks the company intends to sell in the U.S. this year will be imported from its plant in Baja, Mexico.

'SERIOUS' PROBES INTO BIG TECH

 Fox Business' Charles Gasparino said via Twitter Thursday that "industry execs say the Trump Administration is serious about investigations into big tech; DOJ examining ads search engines in @Google probe, how @Apple deals w app developers; FTC will likely be looking at privacy issues involving @Facebook and @amazon”

That tweet followed multiple media reports from earlier in the week that antitrust regulators were laying out their lines of responsibility if they choose to pursue investigations of Google (GOOGL), Amazon (AMZN), Facebook (FB) and Apple (AAPL). Raymond James analyst Aaron Kessler noted that Alphabet shares fell 6%, Facebook declined over 7%, and Amazon dropped nearly 5% on Monday due to concerns around investigations from the Department of Justice and FTC and news that House Antitrust Subcommittee Chairman David Cicilline announced a bipartisan investigation into competition in digital markets. While he believes Google has the most antitrust risk among the group given the history of fines by the European Commission, Kessler said he viewed the pullback as a buying opportunity given that core fundamentals remain solid for Google, Facebook, and Amazon, calling the valuations of Alphabet and Facebook "particularly" attractive.

CUBA CRUISE BAN

Shares of cruise lines were under pressure earlier this week after the Trump administration banned travel to Cuba in a bid to pressure Havana to cease support for Nicolas Maduro in Venezuela. Cruise travel from the U.S. to Cuba began in May 2016 during President Barack Obama's opening with the island. Publicly traded companies in the cruise sector include Norwegian Cruise Lines (NCLH), Carnival (CCL) and Royal Caribbean (RCL).