India, April 7 -- German stocks are bleeding profusely on Monday, taking a severe hammering once again following U.S. President Donald Trump's "reciprocal tariffs" proposal and the retaliation by the Chinese government continuing to heighten fears of a global recession.
Weak German industrial production data, and Trump's warning over the weekend that governments would have to pay "a lot of money" to lift sweeping tariffs, are adding to the woes. The possibility of China exporting goods to the EU at far cheaper rates has raised concerns that Germany's industrial sector might see an erosion in revenues in the near term.
Selling is widespread and the market has plunged to multi-month lows this morning.
The benchmark DAX crahsed to 18,813.25...