Asian shares were mostly lower Wednesday as markets mulled the impact of tariffs being imposed by the United States and China. Japan's benchmark Nikkei 225 slipped 0.2% in early trading to 38,727.19.

Investors braced for a potential trade war after President Donald Trump imposed tariffs on goods from Canada, Mexico and China and pledged future tariffs on the European Union.

Wall Street is mixed in light trading early as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada

Investors are waking up to US President Donald Trump's tariff threats on key trading partners after a brief honeymoon. On Saturday, Trump ordered 25% tariffs on goods from Canada and Mexico and a 10% tariff on China,