Asian-Pacific markets showed mixed performance as investors reacted to U.S. President Donald Trump's proposed tariffs, which are set to be announced on April 2. The tariffs are expected to target sectors such as automobiles, lumber, and chips, with potential exemptions for certain countries. Trump has referred to the announcement date as 'Liberation Day.' The Hang Seng Index in Hong Kong led regional declines, falling 2.3%, while the Hang Seng Tech Index dropped 3.8%. Xiaomi's shares fell 6.3% after announcing a $5.27 billion share sale to fund its electric vehicle expansion. BYD also recently conducted a significant share sale, adding to concerns about overvaluations in the tech sector. The Shanghai Composite remained flat, while Japan's Nikkei 225 rose 0.46%. European markets are expected to open lower, with futures indicating declines as investors weigh the economic impact of the tariffs. Wall Street, however, posted gains earlier, buoyed by optimism that the tariffs may be less severe than initially anticipated. Trump also announced a 25% tariff on countries importing Venezuelan oil, which could impact major importers like China and India. Meanwhile, the Atlanta Federal Reserve revised its inflation forecast, reducing expectations for interest rate cuts this year.