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
European stocks closed higher on Friday on the back of China-U.S. trade talks.
The pan-European Stoxx 600 ended provisionally up by 1.42 percent with clear gains in basic resources and autos on the back of optimism regarding U.S.-China trade talks.
A fresh round of long-term loans from the European Central Bank to euro zone banks is being discussed, ECB board member Benoit Coeure said in New York on Friday.
Coeure added that the euro zone's recent economic slowdown is more pronounced than previously expected. His comments prompted the euro to slide to slide in value versus the dollar.
A U.S. trade delegation led by Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer was in Beijing this week. Chinese President Xi Jinping said talks will continue next week in Washington.
China and the U.S. are trying to strike a trade deal before an early March deadline. On Thursday, White House Economic Advisor Larry Kudlow said there has been no decision to extend the deadline for a deal.
Looking at individual stocks, Germany's Scout24 surged to the top of the European benchmark. It comes after Hellman & Friedman and Blackstone offered to buy the online classifieds group for 5.7 billion euros ($6.4 billion), including debt. Shares of Scout24 rose 11 percent.
Meanwhile, France's Eutelstat slumped to the bottom of the index amid earnings news. Shares of the Paris-listed stock tumbled 6.5 percent after reporting a fall in first-half net revenue.
Elsewhere, Spanish Prime Minister Pedro Sanchez called a snap general election on Friday. Spaniards will go to the polls on April 28. This comes after parliament rejected Sanchez minority government's 2019 budget proposal.