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.

President Trump has announced that he would implement tariffs of 25 percent on all steel and aluminum imports to the U.S.

Asian shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in Septe