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10:04 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. 'LARGEST TRADE WAR IN ECONOMIC HISTORY': After the U.S. began collecting tariffs on $34B of Chinese industrial goods as of 12:01 a.m. Friday, the Chinese Ministry of Commerce said in a translated statement that the United States "violated the WTO rules and ignited the largest trade war in economic history to date." 2. CHAMBER OF COMMERCE OPPOSITION: The U.S. Chamber of Commerce is set to launch a campaign to oppose President Trump's trade tariff policies, Reuters reported on Monday. "The administration is threatening to undermine the economic progress it worked so hard to achieve," said Chamber President Tom Donohue in a statement to Reuters. "We should seek free and fair trade, but this is just not the way to do it." Trump has implemented billions of dollars in tariffs targeted at China, Canada, Mexico and the European Union, while China is expected to impose a 25% tax on soybeans this month and the EU has targeted $3.2B in American goods exported to the EU, including bourbon and Harley-Davidson (HOG) motorcycles. 3. HARLEY-DAVIDSON: Using his official Twitter account, President Donald Trump criticized Harley-Davidson again on Tuesday, saying "Now that Harley-Davidson is moving part of its operation out of the U.S., my Administration is working with other Motor Cycle companies who want to move into the U.S. Harley customers are not happy with their move - sales are down 7% in 2017. The U.S. is where the Action is!" Last week, Harley-Davidson had announced that it would be absorbing the entirety of the impact from recently enacted retaliatory tariffs on motorcycles imported from the U.S. into Europe and plans to move some production to avoid the tariffs. 4. MICRON: Shares of Micron Technology (MU) sold off Tuesday after UMC (UMC) announced that an intermediate court in China issued a preliminary injunction preventing Micron from selling 26 NAND/DRAM products in China. Commenting on the matter, JPMorgan analyst Harlan Sur told investors he thinks a settlement may be likely and does not expect the legal proceedings to result in a significant impact to Micron's financials. It appears that Micron is "now being dragged front and center" into the China/U.S. trade dispute as a potential bargaining chip, and this could cause near-term volatility in the stock, Sur contended. Micron shares recovered a bit on Thursday after the company said the products affected by a preliminary injunction make up slightly more than 1% of the company's annualized revenues and that it continues to expect fiscal fourth quarter revenue within its previously guided range. 5. ZTE CORP.: ZTE Corp (ZTCOY) has replaced its management team to meet the conditions outlined by the U.S. Commerce Department that would lead to a lift of ban on imports from U.S. suppliers, according to The Wall Street Journal, citing a person familiar with the matter. A new CEO, CFO, chief technology officer, and head of human resources were appointed, the report stated. "Week in Review" is The Fly's weekly recap of its recurring series of "Trump Effect" exclusive stories.As previously reported,
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