American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
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
"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
As U.S. stocks continue to grind higher, closely followed strategist Jeff Saut told CNBC on Friday that the current bull market likely has about six to eight years left to run.
"Secular bull markets have three legs. The first leg ended in May of 2015," said Saut, chief investment strategist at Raymond James. "We started the second leg of the bull market in February of 2016. ... The second leg is usually the longest and the strongest driven by earnings."
"I think [we're] very early innings in the second leg," he added in an interview on "Squawk Box. " "If you look at the history of secular bull markets, at a minimum this thing's got another six, seven, eight years left in it."
Stocks were mixed Friday, but the major U.S. averages were set to conclude their first positive September since 2013. The Dow is up more than 23 percent over the past 12 months, according to FactSet; the is more than 16 percent higher, while the up more than 22 percent.
Wall Street has its last trading day of the month on Friday, two days after Republicans unveiled their blueprint for a major overhaul of the U.S. tax code, which includes reducing the corporate tax rate from 35 percent to 20 percent.
Also appearing Friday on "Squawk Box" was strategist Jim Paulsen. He said the GOP's tax plan will likely benefit small-cap stocks more than larger ones.
"Not only because small companies have more domestically downsized sales and you know they have a bigger impact, but small companies also typically have narrower profit margins and so any cost reduction is a bigger deal to their operating base," said Paulsen, chief investment strategist at the Leuthold Group.
Paulsen said he believes stocks will go higher until "you put some break in front of it or some hurdle." He said there are not rate pressures at the moment and the dollar is coming down.
"I think inflation is brewing," he said. "It's just, like everything else, underwhelming."