FX.co ★ DAX Slumps for Third Day as US Tariff Concerns Deepen

Frankfurt’s DAX index fell nearly 1% to close at 22,455 on Friday, marking the third consecutive session of losses and lagging behind its European counterparts. Investor sentiment remained cautious amid increasing concerns over U.S. tariffs and rising trade tensions that could threaten global economic growth. A new series of retaliatory tariffs on U.S. imports, including a 25% duty on automobiles, is scheduled to commence on April 2nd. Meanwhile, investors are wary of potential U.S. tariffs on the pharmaceutical and technology sectors. The declines were led by the banking and energy sectors, with Commerzbank tumbling 5.2%, Siemens Energy dropping 5%, Infineon Technologies decreasing by 3.8%, and Siemens declining by 2.3%. The automotive sector also continued its losses from Thursday, with Mercedes-Benz Group dipping 1.5%, and Porsche AG, Volkswagen, and BMW retreating by 1.8%, 2.4%, and 1.5%, respectively. Over the week, the DAX fell by 2.7%, reflecting widespread market uncertainty due to geopolitical and economic instability.