The trade conflict that started by US President Donald Trump continued to crash the DAX on Friday. After China reacted to the new tariffs from the USA with high counter -tariffs, the leading index was only able to stabilize under the 20,500 points brand. The DAX went 4.95 percent lower at 20,641.72 points. The MDAX gave up 5.46 percent to 25,408.54 points. The Dax had left a lot of feathers on the two previous days, so that a more than eight percent weekly minus has accumulated. The stock market barometer has thus posted its greatest weekly loss since the Russian attack on Ukraine in spring 2022. In early trade, the Dow Jones Industrial dropped a further 2.5 percent to 39,529 points. The previous day, the world’s best-known stock index had already fallen by 4 percent after US President Donald Trump announced extensive import duties. The Dow fell to the lowest level since August last year on Friday. The most lost stock market now threatens since October 2020. Trump: “My politics will never change” Nasdaq 100, dominated by the large technology stocks, lost 2.8 percent and fell to 18:007 points, also the lowest level since August 2024. In the Börsen year 2025 there is now a loss of 14.5 percent for the index. As the previous day, the papers of large chip manufacturers were among the greatest losers. The S&P 500 market width slipped by 2.7 percent to 5,252 points. Us President Trump was still undeterred and unimpressed. “China did it wrong, they are panicked-the one that they cannot afford,” Trump wrote in major letters in a article on his social media platform. Trump also asked business people to invest in the United States. “To the many investors who invest the large amounts of money in the United States: my politics will never change.” It was “a great time to get rich, richer than ever before !!!” Violent effects on global economy had previously announced that an additional custom of 34 percent is now also due on all American imports. This should apply from April 10th. The Chinese government also announced controls for the export of rare earth to the USA – including Samarium, Gadolinium, Terbium, Dyprosium, Lutium, Scandium and Yttrium. This should apply from Friday. Rare earths are indispensable for many high -tech products such as cell phones and also in the armaments industry. Elf American companies were also classified as “unreliable”. The step allows the government in Beijing to take punitive measures against foreign companies. “The purpose of the legal implementation of export controls for relevant goods by the Chinese government is to better protect national security and interests”, it said in a statement by the Chinese Ministry of Commerce. If there are effects on the global economy and further price losses are conceivable at all times, if the tariffs come into force and remain for a long time. The strategists of Marcard, Stein & Co. also predicted: “The negative economic consequences of US customs policy will not be long in coming.” What Trump Willder President Trump announced on Wednesday that he would raise a basic customs set of ten percent on all imports in the USA and higher tariffs to dozens of other countries. 20 percent should apply to the EU, 34 percent are planned for China, and there is still hope among investors that the spiral of tariffs and counter -tariffs can be stopped through negotiations. But she wanks. “However, it speaks, however, that the US President regularly emphasizes that they want to use the expected customs revenues for the budget renovation and financing of tax cuts,” explain the analysts of the LBBw. “This is only the beginning of the catastrophic customs avalanche that President Trump willingly kicked off,” said BGA President Dirk Jandura on Friday of the Reuters news agency. “It will cause considerable economic damage on all sides, worldwide.” The German Chamber of Commerce and Industry (DIHK) is concerned that the domestic economy could be under the bikes. “The United States and China are the two largest economies in the world and at the same time our most important trading partners,” said DIHK foreign manager Volker Treier. “A trade conflict between them brakes world trade and is particularly stressful for Germany as an export nation. The falling international demand would affect our economy noticeably.” Ultimately, punitive tariffs and counter -duties harm everyone and bothered the supply chains considerably. German industry in particular, firmly anchored in global value chains, already feel the consequences: rising costs, lower investment and growing uncertainty, said Treier. The oil price falls many stock investors again, especially in the economic -sensitive banking sector. The European banking index dropped by up to nine percent after it had already lost 5.5 percent on Thursday. In the DAX, the titles of Deutsche Bank and Commerzbank fell by 12.1 and 9.3 percent. The British banking industry lost almost five percent. The Japanese industry index temporarily gave up 11.6 percent, and the prices of oil and copper also went down steeply with the prices of oil and copper. The North Sea oil Brent and the US oil WTI were reduced by around four percent to $ 67.48 and $ 64.23 per barrel. The Brent price was therefore not as low than in over three years. WTI acted at a two -year low. On a weekly perspective, prices dropped by eight or seven percent. Investors expected a lower oil demand as a result of the US tariff. Economic worries also cost the industrial metal. The price fell by up to 2.7 percent to $ 9115 per ton. The prospect of a global trade war and weaker economic growth should first maintain downward pressure on the raw material markets, the analysts of the Anz-Bank predict. In the search for more risky investment options, investors again increased in government bonds. The courses of the ten -year -old German bonds rose, in return the return fell to 2.537 percent after 2.641 percent in the final business of Thursday. The interest rate of the two-year titles was 1.816 percent at the lowest level since the beginning of November 20222.Apisenmarkt started an attempted recovery by Trump’s customs policy recently. The dollar index won up to 0.5 percent to 102.61 points after it had lost more than two percent on a week. In the case of the euro, the community currency pressed 0.7 percent to $ 1.0972. According to the assessment of analysts, the further procedure of the FED should now be decisive for the dollar. If inflation through the US tariffs increases sharply, the central bank could be forced to end its loosening course and may even attract interest. Mark Dowding from Bluebay Asset Management assumes that US growth will slow down to about one percent in the next quarters, while inflation increases to around five percent.
