FRANKFURT (dpa-AFX) – After the previous day’s rally on the DAX, the German stock market was somewhat disillusioned on Tuesday. The escalating tariff dispute between the USA and China, Mexico and Canada is weighing on sentiment. In early trading, the leading German index lost 1.59% to 22,779.50 points.
As a result, the Dax was initially unable to hold above the 23,000-point mark, which it had exceeded for the first time the previous day. At its peak, the Dax had climbed to a good 23,307 points. It owed this to a rally in defense and automotive stocks in particular. While at least defense stocks remained in demand, US tariffs dampened sentiment noticeably on Tuesday. The MDax of medium-sized companies lost 0.64% to 28,805.16 points.
US President Donald Trump doubled the import tariffs on goods from China imposed in February to 20 percent. The Chinese government then announced counter-tariffs on US agricultural products…
