[MARKET UPDATE] US equity futures begin lower with Emini S&P down 0.7% and Emini Nasdaq 100 down 1.1% amid tariff and shutdown concerns after US President Trump threatened 100% tariffs on Canada, while Democrats threatened a partial government shutdown

US equity futures begin lower with Emini S&P down 0.7% and Emini Nasdaq 100 down 1.1% amid tariff and shutdown concerns after US President Trump threatened 100% tariffs on Canada, while Democrats threatened a partial government shutdown.

The sharp decline in US equity futures reflects heightened concerns over potential 100% tariffs imposed by President Trump on Canada, along with the looming threat of a partial government shutdown by Democrats. This combination of geopolitical tension and domestic political instability is likely to weigh on risk sentiment, prompting caution among investors and possibly affecting related markets, including commodities and currencies.