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
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
"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
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
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Bank of England Governor Mark Carney says trade war has a confidence effect on business around the worldMarketsread more
Cramerica can credit Thursday's rally to the president of the European Central Bank, Mario Draghi. However, as the averages roared on, Jim Cramer became increasingly concerned that throwing in billions of euros to stimulate Europe's economy could cause problems for investors' portfolios.
It's the weakening euro that worries Cramer, and he thinks that the ECB-style quantitative easing could kill a lot of companies in the U.S.
Will it work? Who knows?
"The fact is that six years after our central bank decided that it is not acceptable to have high unemployment, the Europeans are finally getting the message. And not a moment too soon," said the "Mad Money" host.
Cramer saw that because of the lockstep nature of how stocks trade, a lot of stocks that should not have rallied on Thursday. As he listened to conference calls for companies reporting earnings this week, all he is hearing about is the moaning and groaning of CEOs complaining about getting crushed because it has become so hard to do business overseas.
Currency headwinds, they call it. After all, everyone wants to visit Europe. They just don't want to do business there.
"You don't need a weatherman to know the wind is blowing against these U.S. companies with lots of overseas exposure, especially in Europe," Cramer added.
Meanwhile, the domestically focused businesses are happier than ever. Companies like Northern Trust and KeyCorp are relieved that they have nothing to do with Europe. And how excited is Union Pacific that it doesn't build a railroad over the ocean?
Read more from Mad Money with Jim Cramer:
Cramer Remix: Hold this stock for the long term
Cramer: A life-saving biotech with a personal mission
The ripple of 'cult stocks' in the market rally
At the end of the day, Cramer wants all investors to take a pulse of their portfolio exposure. Are you too internationally oriented?
"Tomorrow, Mario Draghi's not going to do something dramatic again, and we'll be stuck with the tsunami of overseas and the tranquility of domestic earnings abetted by lower oil, and believe me, there's plenty to choose from."