Asian shares are mostly lower, with Tokyo's benchmark closing down more than 2% after a sell-off on Wall Street

Investors had bet strongly that Trump's agenda to lower taxes and usher in deregulation would support risk assets in a similar way to his first term when he frequently touted the stock market's performance.

A weaker-than-expected jobs report suggests trade policy and DOGE cuts could be weighing on hiring, including in the private sector.

Tokyo's Nikkei 225 index gained 0.9% to 37,759.95. Japanese automakers' shares surged in U.S. trading, though Toyota Motor Corp. fell back in Tokyo trading. losing 0.9%. Honda Motor Corp. gained 2% and Suzuki Motor Corp. was up 1%.

Uncertainty in the stock market continues as changes emerge to President Trump's announced tariffs against Mexico and Canada. CBS MoneyWatch correspondent Kelly O'Grady reports.

Cracks are appearing in United States President Donald Trump ‘s tariff plans and upset investors could be playing a role in that. North American investors have made it clear they aren’t onside with Trump’s “beautiful” tariffs.

United States President ,Donald Trump on Thursday said that his government would not consider stock market reaction when hammering out the details of its tariff policy. Trump stated this while speaking to reporters in the Oval Office at an event for signing executive orders.