<h1>Asian markets rise as Fed rate cut hopes clash with new 30% US tariffs and 10% Chinese retaliation, boosting uncertainty</h1> Asian markets rose after US stock indexes hit records amid expectations the Federal Reserve will cut interest rates, following revised US jobs data showing weaker employment; this may influence monetary policy balancing inflation and growth. Trade tensions persist as the US president increased tariffs on imports from China to 30%, prompting retaliatory Chinese duties of 10% under a prior de-escalation agreement, raising ongoing legal and commercial risks for cross-border trade. Ongoing bilateral talks, elevated tariffs, and shifting monetary policy create uncertainty for investors, supply chains and regulatory compliance.