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. CHINA TARIFFS: The Trump administration finished plans to implement new tariffs on $16B of Chinese imports to punish Beijing for its trading practices, bringing the total value of products covered by the levies to $50B by the end of the month, the U.S. Trade Representative's office announced. The office made slight adjustments to an original list of products it was considering, removing five items and leaving 279 products, mainly chemicals and electronic parts still subject to the tax and China has already announced plans to retaliate with tariffs of an equivalent amount on U.S. goods. 2. APPLE COULD BE 'BARGAINING CHIP': Apple (AAPL), which has leveraged cheap labor and a good supply chain in China, could be used as a "bargaining chip" in the U.S.-China trade war, according to CNBC, citing an article in the state-backed People's Daily in China. Apple made $9.6B in China in this past quarter, but could be the mark of "nationalist sentiment" if the trade war hits Chinese companies hard. 3. IRAN SANCTIONS: On Thursday, President Trump tweeted, "The Iran sanctions have officially been cast. These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level. Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!" Amid renewed U.S. sanctions, Daimler (DDAIF) has discarded its plans to expand its Iran business, according to Reuters, citing a company statement. Daimler said its actions in Iran were already restricted before ceasing them in accordance to sanctions. In 2016, Daimler established a joint venture in Iran to make and sell Mercedes-Benz trucks and also had plans to open a representative office in Teheran. 4. TURKEY SANCTION: On Friday, President Trump tweeted, "I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!" Publicly traded stocks in the metals space include US Steel (X), AK Steel (AKS), Nucor (NUE), Steel Dynamics (STLD), Alcoa (AA), Century Aluminum (CENX), and Cleveland-Cliffs (CLF). 5. MEDICARE ADVANTAGE PLANS: On Tuesday, the Centers for Medicare and Medicaid Services gave new authority to Medicare Advantage plans that allows those plans to negotiate lower drug prices. The policy will also allow Medicare Advantage plans to cross-manage across Part B and Part D as applicable. Publicly traded drugmakers that analysts identified as likely to be impacted by the news include Regeneron (REGN), Amgen (AMGN), Roche (RHHBY) and Johnson & Johnson (JNJ). 6. SPACE FORCE: President Donald Trump will call on Congress to allocate $8B over the next five years to create the U.S. Space Force. This will become the sixth branch of the military, an idea that has faced resistance from the Air Force, which currently oversees military space programs, Bloomberg has noted. The U.S. already has a space-based military footprint, with the sky teeming with spy satellites and other platforms that support government surveillance and communications, and with the Air Force also owning a top-secret aircraft built by Boeing (BA), Bloomberg has said. "Week in Review" is The Fly's weekly recap of its recurring series of "Trump Effect" exclusive stories.
