Asian shares mostly rose Wednesday, as regional markets continued to watch President Donald Trump’s latest tariff escalation. Investors remained uncertain about what the impact of the policies might be.

Wall Street held relatively firm after President Trump’s latest tariff escalation and after the Federal Reserve hinted interest rates may not change soon.

U.S. stocks are slipping modestly Tuesday after President Donald Trump announced 25% tariffs on all foreign steel and aluminum coming into the country.

Amazon, one of Wall Street’s most influential companies, topped analysts’ expectations for earnings at the end of 2024, but its stock nevertheless fell 4.1%. Investors focused instead on its forecast for upcoming revenue, which fell short of analysts’ expectations.

Trump said over the weekend he would announce 25% tariffs on all steel and aluminum imports, with more import duties to come later in the week. Fear around tariffs has been at the center of Wall Street’s moves recently,

Asian shares were trading mixed on Monday, as investors found bargains despite worries about U.S. President Donald Trump’s various tariffs.