MNI POLITICAL RISK - Trump's Test At Twin Summits In Asia

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Executive summary:

• President Donald Trump will depart the White House at 22:40 ET 03:40 BST on a three-country tour of Asia. We have a full round-up of Trump's schedule inside.
• The main event for markets is a meeting between Trump and Chinese President Xi Jinping in Gyeongju, South Korea, on Thursday. If the US-China trade truce isn’t extended by November 10, punitive tariffs and export controls will impose an effective trade embargo on the world’s two biggest economies. Trump said he expects a deal to cover the majority of friction points, but the prevailing view among analysts is that a ‘grand bargain’ will remain elusive. 
• Trump will meet South Korean President Lee Jae Myung on Wednesday, an opportunity to resolve tensions over an ICE raid at a Hyundai plant and hammer out an agreement on Seoul’s proposed USD$350 billion investment pledge.
• Trump may meet with Brazilian President Luiz Inacio Lula da Silva at ASEAN amid signs of a diplomatic thaw.
• The US government shutdown continues. Senate Majority Leader John Thune (R-SD) recessed the Senate until Monday after Democrats blocked a bill to pay troops.
• Trump ‘terminated’ trade negotiations with Canada, ahead of a meeting with Prime Minister Mark Carney at APEC, touted as an opportunity to sign a metals deal.  
• Russia hawks in the Senate are eying a "Russia Week" to pass legislation punishing Russia, after Trump sanctioned Russia’s two biggest oil companies.
• Poll of the Day: Americans now believe that Trump owns the economy. 

Please find the full article attached below: US DAILY BRIEF