Trump Trade: U.S. to remove tariffs on whiskey following U.K. royals visit

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 with this daily recap compiled by The Fly.

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TARIFFS ON WHISKEY: In a post on Truth Social, U.S. President Donald Trump said, “In Honor of the King and Queen of the United Kingdom, who have just left the White House, soon headed back to their wonderful Country, I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland’s ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon, two very important Industries within Scotland and Kentucky. People have wanted to do this for a long time, in that there had been great Inter-Country Trade, especially having to do with the Wooden Barrels used.” Publicly traded companies in the whiskey space include Brown-Forman (BF.A), Diageo (DEO), Pernod Ricard (PDRDF), Constellation Brands (STZ), MGP Ingredients (MGPI), Davide Campari (DVDCF), and Remy Cointreau (REMYY).

IRAN SENDS PROPOSAL: Iran has sent its latest proposal for negotiations with the United States to Pakistani mediators, Iranian state news agency IRNA said on Friday, according to Reuters.

RETIREMENT SAVINGS ACCESS: Voya Financial (VOYA) “welcomed” an executive order that facilitates retirement-savings access for Americans who currently lack adequate options. The order directs the U.S. Treasury Department to establish a new platform highlighting high-quality, low-cost, private-sector IRA.