FX.co ★ DAX Pares Some Losses

On Monday afternoon, Frankfurt's DAX briefly moved into positive figures before sliding back into negative territory near 20,140. This fluctuation came amid rumors of a potential 90-day halt in the new US tariff policy, a claim which was subsequently refuted by the White House. Earlier in the trading day, European markets suffered another severe downturn, with the DAX dropping over 10% as investors reacted to the broad global tariffs enforced by the Trump administration. As of Saturday, baseline tariffs of 10% on all imports to the US were implemented, with additional tariffs anticipated on Wednesday, including a 20% levy on imports from the European Union. Consequently, Germany's export-driven economy is expected to be significantly affected by these new measures.