Asian shares were mostly lower Thursday after U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. Bucking the trend,

The deal, announced by Donald Trump, came after South Korean officials met with the US president on Wednesday, sparing one of the world’s biggest exporters from a 25 per cent tariff just a day before sweeping American levies on other countries were set to take effect.

The agreement comes after other American allies, like Japan, clinched their own deals, partly to moderate President Trump’s tariff threats.