North Korea nuclear summit ends with no deal, Trump administration opens steel import probe

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:

1. NO U.S.-NORTH KOREA DEAL: The White House said to reporters on Thursday regarding President Trump's meeting with North Korea, "The two leaders discussed various ways to advance denuclearization and economic driven concepts. No agreement was reached at this time, but their respective teams look forward to meeting in the future." The two nations blamed each other for their failure to reach an agreement, with Trump saying North Korea sought sanctions relief without offering enough in return and Korea's Foreign Minister Ri Yong Ho saying Pyongyang made reasonable proposals for partial sanctions relief that the U.S. rejected, according to The Wall Street Journal. The Hanoi summit came eight months after a first meeting between the two leaders in Singapore last year.

2. U.S.-CHINA TRADE TALKS: President Donald Trump suggested on Thursday that he could walk away from trade negotiations with the Chinese, too, according to CNBC's Eamon Javers. "I'm never afraid to walk from a deal, and I would do that with China too if it didn't work out," Javers quoted Trump as saying. Semiconductor shares were under pressure the day before after U.S. Trade Representative Robert Lighthizer told Congress he was working toward a comprehensive deal with China "that includes enforcement and a major change in Chinese behavior," according to CNBC. Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN). On Friday, Bloomberg said officials in the U.S. are preparing a final trade deal that President Trump and China's President Xi Jinping could sign in weeks. The U.S. is eyeing a summit between the two presidents as soon as mid-March, the report added.

3. STEEL IMPORTS: The U.S. Department of Commerce announced earlier this week the initiation of new antidumping duty and countervailing duty investigations to determine whether fabricated structural steel from Canada, China, and Mexico is being sold in the U.S. at less than fair value and to find if producers in Canada, China, and Mexico are receiving unfair subsidies. If Commerce makes an affirmative finding in these investigations, and if the U.S. International Trade Commission determines that dumped and/or unfairly subsidized U.S. imports of fabricated structural steel from Canada, China, and Mexico, are causing injury to the U.S. industry, Commerce will impose duties on those imports in the amount of dumping and/or unfair subsidization found to exist. 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).