{"id":61828,"date":"2025-07-11T10:23:54","date_gmt":"2025-07-11T10:23:54","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/07\/11\/dax-down-sharply-as-stocks-tumble-on-tariff-concerns\/"},"modified":"2025-07-11T10:23:54","modified_gmt":"2025-07-11T10:23:54","slug":"dax-down-sharply-as-stocks-tumble-on-tariff-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/07\/11\/dax-down-sharply-as-stocks-tumble-on-tariff-concerns\/","title":{"rendered":"DAX Down Sharply As Stocks Tumble On Tariff Concerns"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks are down sharply on Friday as trade war concerns hurt sentiment following U.S. President Donald Trump imposing a 35% tariff on Canadian imports, effective August 1.<\/p>\n<p>Trump also talked about blanket tariffs of 15 to 20% on most of America&#8217;s trading partners and announced plans to make a &#8216;major statement&#8217; on Russia.<\/p>\n<p>Meanwhile, <span class=\"landLinks\">markets<\/span> await news on tariffs for the European Union. Currently, the U.S. imposes 50% tariffs on EU steel and aluminum, 25% on cars and 10% on all EU imports.<\/p>\n<p>The benchmark DAX, which dropped to 24,166.46, was down 270.60 points or 1.11% at 24,202.48 a few minutes ago. <\/p>\n<p>Brenntag, Siemens Healthineers, Deutsche Post, Siemens and Commerzbank are down 2 to 2.25%.<\/p>\n<p>Deutsche Bank, Daimler Truck Holding, Sartorius, Heidelberg Materials, Rheinmetall, Continental, Infineon Technologies, SAP, Bayer, BASF, Beiersdorf, Qiagen, Adidas, Porsche and Fresenius Medical Care are down 1 to 1.7%.<\/p>\n<p>In economic news, Germany&#8217;s wholesale price inflation accelerated in June largely reflecting higher prices of food and beverages, data from Destatis showed.<\/p>\n<p>Wholesale prices grew 0.9% on a yearly basis in June, following April&#8217;s 0.4% increase. The increase in June was the fastest in three months.<\/p>\n<p>Destatis said the main reason for the annual growth was higher prices of food, beverages and tobacco, with prices up 4.2%.<\/p>\n<p>The wholesale selling prices of non-ferrous ores, non-ferrous metals and non-ferrous semi-finished metal products also increased substantially. By contrast, wholesale of solid fuels and mineral oil products logged a notable decline.<\/p>\n<p>Month-on-month, wholesale prices gained 0.2% in June, partially offsetting the 0.3% fall a month ago. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Down Sharply As Stocks Tumble On Tariff Concerns<\/a><br \/>\n<br \/>2025-07-11 10:23:54<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks are down sharply on Friday as trade war concerns hurt sentiment following U.S. President Donald Trump imposing a 35% tariff on Canadian imports, effective August 1. Trump also&#8230;<\/p>\n","protected":false},"author":2,"featured_media":61829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-61828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=61828"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/61828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/61829"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=61828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=61828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=61828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}