FRANKFURT (dpa-AFX) - The announcement of new tariffs by US President Donald Trump caught investors off guard on Saturday. The DAX futures indicator calculated by IG Markets plunged by about 300 points in an initial reaction, narrowly avoiding a drop below the psychologically important mark of 25,000 points. A brief attempt at recovery quickly faded. Most recently, it hovered at 25,055 points.
Citing the Greenland dispute, Trump announced new tariffs against Germany and other European countries. Starting February 1, a 10 percent tariff will apply to goods shipped to the United States, and as of June 1, the rate will rise to 25 percent, the Republican stated on the Truth Social platform./he/zb
