By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks slipped on Wednesday and the dollar languished near 3-1/2-year lows as investors weighed the prospect of U.S. interest rate cuts and the scramble for trade deals ahead of President Donald Trump's July 9 deadline for tariffs.

Most Asian stock markets experienced declines on Wednesday. This downturn was largely driven by investor apprehension surrounding the upcoming US trade. Read more details here.

A seasonal lift for Asian equities in July may be hard to come by this year as tariff and macroeconomic concerns dampen sentiment.Most Read from BloombergStruggling Downtowns Are Looking to Lure New CrowdsSprawl Is Still Not the AnswerCalifornia Exempts Building Projects From Environmental LawWhat Gothenburg Got Out of Congestion PricingMarkets are bracing for heightened volatility ahead of the July 9 deadline for countries to cut trade deals with the US.