Global stock markets are experiencing a downturn as concerns mount over potential government shutdowns and escalating trade tensions, particularly regarding new tariffs introduced by Trump. U.S. stock futures have slipped, reflecting a cautious sentiment among traders digesting inflation data and worrying about the impact on the economy. Major indices, including the Dow Jones, S&P 500, and Nasdaq, have shown modest declines, with specific stocks like Adobe falling sharply due to disappointing earnings, while Intel gained after appointing a new CEO. Despite positive inflation signals, the ongoing fears of a global trade war and recession continue to overshadow market optimism.