Frankfurt’s DAX 40 fell about 1.1% to close at 24,992 on Monday, underperforming other major European indices, as investors contended with renewed uncertainty over President Donald Trump’s newly proposed tariffs after the Supreme Court struck down his earlier emergency trade levies. The timing and scope of the new measures remain unclear, raising fresh questions about their interaction with existing trade agreements between the United States and the European Union. In parallel, the European Parliament has suspended ratification of the EU–US trade deal until early March, pending further clarification from Washington.
Export-oriented technology and industrial stocks led the decline. Software group SAP and aircraft manufacturer Airbus were the session’s worst performers, losing 3.5% and 3.4%, respectively. Shares of BMW, Zalando, Rheinmetall, Bayer and Volkswagen each fell more than 2%. In contrast, Deutsche Telekom and Beiersdorf advanced 1.7% and 1.5%, respectively, topping the list of gainers.
