(12 Mar 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Frankfurt, Germany – 12 March 2025
1. Wide of trading floor at Frankfurt Stock Exchange
2. Deutsche Boerse slogan above trading floor (English): "We at Deutsche Börse create trust in the markets of today and tomorrow"
3. Various of boards showing DAX index after opening
4. Various of traders
5. Top shot of trading floor
6. SOUNDBITE (German) Robert Halver, Head of capital markets analysis at Baader Bank:
"The tariffs have been expected as well as the counter-tariffs from Europe that are now coming, yes. But we do of course also know that tariffs are nothing positive at all. You could say stupid, more stupid, tariffs. But the bad thing about Donald Trump’s tariffs in particular is that we don’t know what’s coming. His tariff policy is erratic, more erratic than April weather. So, there is no planning certainty at all. And the stock markets are reacting to this with volatility."
7. Various of boards showing DAX index
8. Various of traders
9. SOUNDBITE (German) Robert Halver, Head of capital markets analysis at Baader Bank:
"If America imposes tariffs, Europe must stand up to it. If only to be credible. Because we in Europe must not show weakness towards Trump. This is being shamelessly exploited. But I hope that the Trump administration learns now, because it will know and realize, as you can already see on the stock market in America, that the boomerang of tariffs always comes back."
10. Mid of trader
11. Various of Deutsche Boerse logo
12. Top shot of traders
13. SOUNDBITE (German) Robert Halver, Head of capital markets analysis at Baader Bank:
"The stock exchange, the German stock exchange is reacting cautiously today. But that doesn’t mean anything. We have increased volatility. You could also say that the ups and downs of the stock markets depend on the live ticker. But the hope is also that one will say, well, if tariffs are hurting us mutually, America and Europe, couldn’t we sit down together and find a solution?"
14. Top shot and camera pan right to left over trading floor
STORYLINE:
The German Dax index rose by 0.77% to 22,499.80 points in early trading and the leading index had recently fallen by almost five percent from its most recent record of 23,475 points.
It comes as President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown.
Trump removed all exemptions from his 2018 tariffs on the metals, in addition to increasing the tariffs on aluminum from 10%.
His moves, based off a February directive, are part of a broader effort to disrupt and transform global commerce.
The U.S. president has separate tariffs on Canada, Mexico and China, with plans to also tax imports from the European Union, Brazil and South Korea by charging “reciprocal” rates starting on April 2.
The European Union announced a decisive response.
The European Union on Wednesday announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration’s increase in tariffs on all steel and aluminum imports to 25%.
AP video shot by Daniel Niemann
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