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:

AIRBUS, BOEING DISPUTE

The Trump Administration has implemented tariffs on additional products from the European Union amid a long-running dispute over subsidies to Airbus (EADSY) and Boeing (BA), Bloomberg's Shawn Donnan, Charlotte Ryan and Jonathan Stearns reported, citing the U.S. Trade Representative's office. In November, the EU imposed duties on some $4B in goods from the U.S. The USTR office said it was amending some of its tariffs or adding European products to the list as the EU used a time period that affected "substantially more products than would have been covered" otherwise and "needs to take some measure to compensate for this unfairness." New duties will include aircraft-manufacturing parts, certain non-sparkling wine, some cognac and other grape brandies from France and Germany.

CONGRESS OVERRIDES TRUMP'S VETO

The Senate voted Friday to overturn President Trump's veto of the mammoth annual defense bill in an unprecedented act that assures the decades-long continuity for that legislation, NPR's Philip Ewing reported. It follows a House vote earlier this week. It is the first veto override by Congress in the Trump presidency, the author added. Publicly traded defense contractors include BAE Systems (BAESY), Boeing, General Dynamics (GD), Lockheed Martin (LMT), Raytheon Technologies (RTX) and Northrop Grumman (NOC).

10% ITC EXTENDED

Capstone Turbine (CPST) announced that the 10% federal investment tax credit, or ITC, for microturbines and combined heat and power, or CHP, projects was extended through the end of 2023 in the bi-partisan COVID-19 stimulus package. The legislation, signed by President Trump, also extended the production tax credit, or PTC, for renewable electricity from open and closed-loop biomass through the end of 2021. The PTC can be used for 10 years after construction begins or can be converted to a one-time 30% investment tax credit. This credit will continue to apply to purchases of Capstone's ultra-low emission and high-reliability green energy systems, the company stated. In addition, the end of year omnibus budget bill included the CHP Support Act in the Energy Package, which re-authorizes the U.S. Department of Energy's CHP Technical Assistance Partnerships through fiscal year 2025, as well as a number of research programs related to distributed generation, CHP and microgrids, according to Capstone.