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08:56 EDT Week in review: How Trump's policies moved stocks - 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. CHINESE TARIFFS: The White House confirmed plans to implement a 25% tariff on $50B of goods from China and said it will pursue additional tariffs if China engages in retaliatory measures, which it has stated already that it will. Boeing (BA) told Reuters afterward that it is still "assessing the impact" of U.S. tariffs on Chinese goods. Meanwhile, Roth Capital analyst Philip Shen noted that the U.S. Trade Representative's lists did not include solar inverters, cells, or modules. Given that, he does not believe imported inverters from Enphase Energy (ENPH), SolarEdge (SEDG) and others will be subject to 301 tariffs. 2. NORTH KOREA: Following a historic meeting between the leaders of both countries, the U.S. said that North Korea has committed to work toward denuclearization. In a statement, the White House said, "President Trump and Chairman Kim Jong Un conducted a comprehensive, in-depth, and sincere exchange of opinions on the issues related to the establishment of new U.S.-DPRK relations and the building of a lasting and robust peace regime on the Korean Peninsula. President Trump committed to provide security guarantees to the DPRK, and Chairman Kim Jong Un reaffirmed his firm and unwavering commitment to complete denuclearization of the Korean Peninsula." 3. AT&T/TIME WARNER: Earlier this week, a U.S. District Court Judge approved AT&T's (T) $85.4B acquisition of Time Warner (TWX), with no conditions, stating the Department of Justice did not prove the merger would harm competition. President Trump had voiced competition concerns since the deal was first announced and has frequently taken aim at CNN, a Time Warner property. Commenting on the court's decision, Makan Delrahim, head of the Justice Department's antitrust division, said he is maintaining his view that the Department should require companies to sell assets in order to prevent anti-competitive harm from deals like AT&T's acquisition of Time Warner, Bloomberg reported, citing a person familiar with the matter. 4. AMAZON: Democratic Congressmen Elijah Cummings and Gerald Connolly contend that President Trump's assertion of Amazon (AMZN) taking advantage of USPS is "inaccurate", Bloomberg reported on Thursday, citing a letter to the President written by the congressmen. The lawmakers say Amazon "is paying package delivery rates comparable to FedEx (FDX) and UPS (UPS)". 5. ZTE: On Tuesday, The Wall Street Journal reported that Republican Senate leaders have set up a vote that would reverse the White House pact to save Chinese telecommunications company ZTE Corp. (ZTCOY). Meanwhile, ZTE Corp proposed a $10.7B financing plan and nominated eight board members in a drastic management overhaul. In filings late on Wednesday, the company also proposed to allow the board to apply for a $10.7B credit line, including a $4.69B from Bank of China and $6B from China Development Bank. "Week in Review" is The Fly's weekly recap of its recurring series of "Trump Effect" exclusive stories.
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