Asian shares were mostly higher Thursday, tracking a rebound on Wall Street after President Donald Trump pulled back on some of his tariffs hikes. U.S. futures were little changed, while benchmarks surged in Japan and China.

U.S. stocks climbed after President Donald Trump pulled back on some of his tariffs, raising hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher.

The stock markets endured a turbulent day as Wall Street braced for the impacts of President Donald Trump’s tariffs on the U.S.’s largest trading partners. The president’s highly anticipated 25 percent trade tariffs on Mexico and Canada took effect Tuesday.