A look at the day ahead in European and global markets from Rocky Swift
With a U.S. government shutdown and the imposition of sweeping tariffs looming, President Donald Trump knew just what markets needed.
More tariffs.
In what’s becoming a regular ritual, Asian markets were the first to digest overnight announcements from the White House on new U.S. import duties, this time on bathroom vanities, lumber, cabinets, and other goods.
Trump’s proclamation cited “national defence” for the tariffs on foreign furniture, due to start on October 14 and following duties on trucks and drugs that go into effect on Wednesday. And there has yet to be a breakthrough in talks between Trump and congressional Democrats to forestall a government shutdown the same day.
Anxiety about a shutdown pushed saf