FX.co ★ DAX Resumes Decline as Reciprocal Tariffs Take Effect

On Wednesday, the Frankfurt DAX began trading down by 2.5%, hovering around 19,790 points, as a renewed market sell-off spread across Europe. Investors are responding to the overnight implementation of extensive US tariffs, including a 20% duty on imports from the European Union. This growing trade tension is heightening concerns about a possible recession and increasing the appeal of safe-haven assets. Domestically, discussions between the conservative party and the Social Democrats are scheduled to continue this morning following extended negotiations on Tuesday. Negotiators have indicated that a coalition agreement is expected to be announced by this afternoon.