FRANKFURT (dpa-AFX) – The sell-off on the German stock market due to the harsh US tariff policy and its consequences continued on Monday. With a drop of 4.13 percent to 19,789.62 points, the leading index Dax was at least able to significantly stem its opening loss of over ten percent. Nevertheless, it was the third deep red trading day in a row – the price gains of up to almost 18 percent since the beginning of the year are history.
In the afternoon, the DAX had temporarily risen to almost 20,800 points, making up over 2,300 points on the day’s low. However, the recovery, triggered by a media report about a possible 90-day tariff break, was short-lived. The White House in Washington immediately spoke of a false report.
The US government intends to stick to its drastic economic policy with high tariffs on imports from all over the world, despite President Donald Trump’s signaled willingness to talk to affected…
