2025-04-07 10:30:09
Economy
Markets
Business

Global Markets React to Trump's Tariff Strategy

Image used under license from Shutterstock.com

The global financial markets are undergoing significant turmoil in response to new tariffs announced by the U.S. President Donald Trump. The German Dax index witnessed a dramatic drop of around 10% at the opening of trading, reflecting widespread market anxiety. Asian markets mirrored this downturn, with substantial losses reported across the board.

The tariffs have ignited fears of an escalating trade conflict between the U.S. and the European Union, prompting EU trade ministers to urgently seek strategies to persuade the U.S. administration to reconsider its stance. Meanwhile, the U.S. stock market's decline has had ripple effects on other currencies, such as the Israeli shekel, which weakened against the dollar and euro.

Cryptocurrencies have not been spared either, with Bitcoin and other major digital currencies experiencing sharp declines. Investors are clearly rattled by the potential economic ramifications of Trump's trade policies, as highlighted by hedge fund managers warning of severe economic consequences. The overall sentiment across markets is one of caution and concern, as stakeholders brace for further developments in this unfolding trade saga.

stern
7. April 2025 um 07:31

Reaction to Trump's Tariffs: Dax Plummets by Ten Percent

The stock markets are responding with a massive crash to the additional tariffs imposed by the USA. The German leading index Dax fell by around 10% at the start of trading but recovered somewhat during the course of the day. Asian markets also recorded significant losses. The EU trade ministers are now discussing a strategy to persuade US President Trump to back down on the tariffs. The market turbulence is a consequence of the escalating trade conflict between the USA and the EU.
Der Spiegel
7. April 2025 um 02:20

Donald Trump and the Tariff Policy of the USA: Stock Markets in Asia Plunge

Asian stock trading has opened, and prices have plummeted at the start in response to the US tariffs. Donald Trump resorts to slogans of resilience. However, he leaves the door ajar for negotiations.
DER SPIEGEL
7. April 2025 um 07:20

Dax Loses About 10 Percent at the Start of the Week - DER SPIEGEL

The German stock index Dax lost about 10 percent at the start of trading on Monday, which is attributed to the selling wave in the Asian markets. The decline is due to concerns about the economy stemming from the US trade war with the EU. Other European indices, such as the MDax and EuroStoxx, also recorded significant losses. Stock markets in Asia, such as the Nikkei in Japan and the CSI-300 in China, also closed with substantial losses.
gmx
7. April 2025 um 07:20

DAX Plummets by Ten Percent

The German stock index (DAX) plummeted by about ten percent at the start of trading on Monday. It fell to 18,489 points.
CW

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