Germany's DAX Index Set to Open Sharply Lower on New Auto Tariff Announcement -- Market Talk

Dow Jones

2025/03/27

0750 GMT - Germany's DAX index is expected to open 1.1% lower, according to IG, after U.S. President Trump said he would impose 25% tariffs on global automotive imports. The U.S. will start collecting the auto tariffs on April 3, Trump said, while a senior administration official said they would cover both finished automobiles and automotive parts. The fall in DAX futures reflects the number of automakers in the index and Germany's dependence on trade, Deutsche Bank analysts say in a note. The DAX index closed on Wednesday at 22839.03. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

March 27, 2025 03:51 ET (07:51 GMT)

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