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
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread 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
Be careful, Cramerica.
"You need to remember, their weakness is not our weakness, and their strength is not our strength," the "Mad Money" host said.
Yes, it is wonderful that the Chinese lowered interest rates and there were promises coming from the European Central Bank President Mario Draghi.
"But until we actually see the gigantic infrastructure of jobs in the decrepit sewers and polluted wastelands that engulf China, until we see that the Germans spend $500 billion to stimulate their economy—something that Angela Merkel's government appears unwilling to do—you need to be careful, " Cramer warned.
The "Mad Money" host does not want to see investors get too excited and start paying up for stocks like Caterpillar and Cummins at high prices. In fact, he recommended purchasing GM on the basis that it is not as horrendous as most think.
In preparation for next week, Cramer recommended that investors keep an eye on what is going on in Washington with the president fighting with the Republicans again. Such political dramas can cause a nasty, market-wide selloff, and that could happen again.
With these caveats in mind, here are some of the stocks that Cramer will have his eye on for next week:
Cracker Barrel: Though the "Mad Money" host is not a huge fan of having a giant piece of cheese on his apple pie, many Americans are. This stock has been on fire recently, thanks to low gas prices, and Cramer expects it will report a terrific quarter.
Hewlett-Packard: "This company is doing so many things right that I can't even count them all."
Seadrill: Now this is one nasty stock that Cramer thinks will explain why so many offshore drillers have been horrendous. This is a dangerous stock, because of the plethora of new rigs coming online and the low price of oil.
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Thursday: "Go be with your family—heaven knows that's what I'l be doing, and I mean it when I say that"
Japan will also be issuing number on Thursday and Friday, and Cramer expects them to be hideous as usual. Just remember—their weakness is not our weakness.
So yes, there is somewhat good news drifting overseas from China and Europe, but until investors see concrete actions being taken, don't get too excited. The U.S. market is about U.S. stocks, and stick to stocks that don't have too much international exposure. Stick to what's working, and be cautious about everything else.