The German Bureza in the custom of the customs storm .. DAX incurred 10% losses

The German stock index (DAX) was about 10 percent at the beginning of trading Monday, recording 18489 points.

This comes against the background of investor reaction to the comprehensive international customs duties imposed by the administration of US President Donald Trump.

The United States imposed a 10 percent new customs duties on all imports to it from the day before yesterday, Saturday, and additional fees are scheduled to be imposed on a group of commercial partners next Wednesday, which include customs duties of 20 percent on imports from the European Union.

It is expected that the German economy based on export will be severely affected by these new measures.

Global markets interacted with a large -scale sale since Trump announced customs duties last Wednesday, as investors are afraid of economic effects and the instability of these measures.

The “DAX” index – which measures the performance of 40 leading German companies on the Frankfurt Stock Exchange – concluded last Friday, a decrease of 4.95 percent at 20,642 points months after standardized gains.

In a related context, European stocks fell to their lowest level in 16 months, Monday, in light of investor concerns that global economic recession may occur.