At the start of trading on Wednesday, European stocks opened with declines, while Asian markets saw modest gains.

France's CAC 40 dropped by 0.5% to 7,837.50 in early trading, Germany's DAX fell nearly 1.0% to 22,325.98, and Britain's FTSE 100 slipped 0.6% to 8,581.60.

In futures trading, the S&P 500 was down 0.3% and the Dow Jones Industrial Average lost 0.2%. Meanwhile, Japan's Nikkei 225 index gained 0.3% to close at 35,725.87.

Hong Kong's Hang Seng remained unchanged at 23,202.53, and the Shanghai Composite increased by less than 0.1% to 3,350.13. Australia’s S&P/ASX 200 added 0.1% to 7,934.50, while South Korea’s Kospi decreased by 0.6% to 2,505.86.

The markets have been volatile due to uncertainty surrounding tariffs, impacting risk sentiment, as observed by Tan Jing Yi from Mizuho Bank. The trade war initiated by Trump is already affecting companies ahead of the anticipated tariff announcements by the President.

Despite potential outcomes, the trade tensions can impact consumer and business spending, leading to economic repercussions. The market awaits Trump's decisions on tariffs in hopes to mitigate adverse effects on inflation and economic growth.

On Tuesday, the S&P 500 increased by 0.4%, the Dow decreased slightly, and the Nasdaq composite rose by 0.9%.

In the trading market on Wednesday, US crude oil went up by 3 cents to $71.23 a barrel, while Brent crude fell by 2 cents to $74.47 per barrel. The US dollar decreased slightly against the Japanese yen to 149.49 from 149.62 yen and the euro appreciated to $1.0808 from $1.0791.