The winners (and losers) of the trade dispute between Trump and China

On Saturday, the US and China issued a joint statement announcing that "China will significantly increase its purchases of US goods and services" and that "both sides have agreed to encourage two-way investment and create a fair, level playing field". As the Analysis Investor's Business Daily shows, this had an immediate positive impact on the share prices of some companies. For the Steel industry however, the reaction to the news was not quite as positive.
The markets reacted with a price recovery on Monday, with US companies such as Boeing, Caterpillar and John Deerelum3.6 %, 2.1 % and 2.0 % respectively. All three are highly dependent on trade with China. Boeing, for example, could benefit from $1.1 trillion worth of aircraft purchases over the next twenty years, according to Investor's Business Daily. In the world's largest construction equipment market, Caterpillar has also invested heavily in China.
The other side of the story is the steel industry. U.S. Steel Corporation lost 3.8 % following the news, while AK Steel also saw a decline of 5.1 %. However, this is certainly not the end of the story, as there are still many details to be clarified - by both sides.
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