Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
It looks like it's steady as she goes when the U.K. central bank's monetary policy committees meets this Thursday to decide on interest rates and bond-buying, said analysts, after disappointing industrial output data cast doubts on the strength of the recovery.
(Read more: )
The Bank of England (BoE) is scheduled to announce changes — or lack thereof — to monetary policy at 12 p.m. London time. It has purchased £375 billion ($599 billion) worth of assets since 2009, and has held base rates at a record low of 0.5 percent since March 2009.
Jens Larsen, the chief European economist at RBC Capital Markets, said the weak factory data for August highlighted the fragility of the U.K. upturn, and that the BoE was unlikely to raise rates before 2016.
"Given the framework, it is unlikely there will be any changes on Thursday," he said.
"Today's industrial production numbers remind us that the U.K. recovery will be an uneven affair… we have had consistent positive surprises for the last four or five months, and suddenly we have had data that is a little more balanced."
Derek Halpenny, the European head of market research at Bank of Tokyo-Mitsubishi, said that future data was likely to fall back in line with more moderate growth rates, with personal spending still weak due to negative real incomes.
And while the euro zone economy has stabilized, events elsewhere mean the U.K. still faces external pressures, he added.
"When you consider what is happening to the U.S., the downgrade to emerging market growth, and weakening China growth, it is wrong to assume the external story is necessarily favorable," Halpenny said.
(Read more: )
—By CNBC's Katy Barnato. Follow CNBC on Twitter: