DAX Falls Further as US Auto Tariffs Shake Global Markets

German automakers suffer steep losses while the EU plans countermeasures as tariffs set to take effect on April 3 deepen trade tensions.

The DAX index dropped 1.54% to 22,488.09 on March 27, falling below the 21-day moving average, a key short-term trend indicator.
Major German automakers, including BMW, Mercedes-Benz, Volkswagen, and Porsche, saw stock losses ranging from 4.3% to 5%.
Analysts estimate the new US tariffs could reduce revenues for BMW by 2%, Volkswagen by 1%, and Porsche by 10%.
The European Union announced plans to discuss potential countermeasures in response to the tariffs, raising concerns of escalating trade tensions.
Asian markets, particularly in Japan and South Korea, also faced declines linked to the tariff announcement, while Chinese markets showed resilience.