Global markets steady as traders assess U.S.–China tariffs and Fed outlook

Global markets stabilized after sharp early swings as investors assessed President Trump’s proposal for 100% tariffs on Chinese goods and expectations of a Federal Reserve pause in November. Asian equities and U.S. futures posted mild gains after initial losses, while bond yields eased. Analysts said market focus remains on China’s trade response and upcoming U.S. inflation data that could shape near-term monetary policy guidance.