Week In Review: How Trump's Policies Moved Stocks - Dec. 15

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:

1. AUTOS: China's top point person on trade talks, Vice Premier Liu He, informed Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer in a phone call that China will lower the tariff on U.S. auto imports to 15%, down from 40% currently, The Wall Street Journal reported on Tuesday, citing a person familiar with the matter. Reuters than reported on Friday that China's finance ministry officially announced it will suspend additional tariffs on U.S.-built cars and auto parts for three months beginning Jan. 1, 2019. The government will suspend 25% tariffs on 144 U.S. car and auto part items and 5% tariffs on 67 auto items between Jan. 1 and March 31, 2019, the report stated. Publicly traded automakers include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY) and Tesla (TSLA).

2. HUAWEI CFO GRANTED BAIL: Huawei CFO Meng Wanzhou was released earlier this week from custody by a Canadian judge, according to The Financial Times. She must pay for private security guards to accompany her at all times and post C$10 million bail, including C$7 million in cash and $3 million from at least five sureties. She will also wear an ankle bracelet, be subject to a curfew at home between 11 pm and 6 am, and not travel outside certain areas of the city. In an interview with Reuters, President Donald Trump said he would "certainly intervene if I thought it was necessary" to secure the China trade deal in the arrest of Huawei Technologies executive Meng Wanzhou. According to reports, Huawei accounted for nearly 17% of Lumentum's (LITE) sales in FY17, about 15% of FY17 sales for Oclaro (OCLR) and 11% of FY17 sales for Finisar (FNSR). The company competes in China with ZTE (ZTCOY), Infinera (INFN) and Ciena (CIEN).

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