Asian markets traded cautiously amid renewed concerns over President Trump's tariff threats. Japan's Nikkei-225 slipped following Trump's warning of potential new tariffs on Japanese imports, citing trade imbalances. Meanwhile, the European Union signaled willingness to strike a tariff deal that includes certain exemptions. Investor focus is now on the upcoming U.S. jobs report, which could influence the Federal Reserve's stance—rate cuts may be considered if signs of a weakening labor market emerge.
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