Asian equities pared gains after the US imposed a 10% tariff on all Chinese imports, with China retaliating. The MSCI Asia Pacific Index rose 1.2%, down from 1.5% earlier. Optimism over Trump’s tariff delay on Canada and Mexico faded as China retaliated with an investigation into Google and new levies. The Hang Seng China Enterprises Index was up 3.5%, signaling trade talk positioning.