03/04/2025
US President Donald Trump announced on April 3, 2025 that he would impose a 20% tariff on EU goods, a move that triggered a sharp reaction in global markets. Germany's DAX index fell sharply after the announcement, falling 2.3% to 21,873 points at the opening, hitting its lowest point since February 2025. European leaders strongly opposed this, and European Commission President Ursula von der Leyen warned that the move would have a serious impact on the global economy. Chancellor Olaf Scholz and Economy Minister Robert Habeck also condemned the tariffs, calling them the most destructive trade policy in 90 years.
Given the current trade policy changes and domestic fiscal policy adjustments, the stock market may continue to face volatility in the short term. Investors need to pay close attention to the progress of global trade negotiations and the specific implementation of the German government's fiscal policy to assess the potential impact on the market.
