India, March 31 -- German stocks are down sharply around noon on Monday, ahead of the Trump Administration's "reciprocal tariffs," that will come into force this week.
The details of the tariffs are not clear as yet, but the U.S. President had stated in an interview on Sunday that he will likely impose duties on "essentially all" of the U.S.'s trading partners.
Trump's statement has stoked worries that a global trade war could lead to recession.
The benchmark DAX is down 391.85 points or 1.75% at 22,064.05 a few minutes past noon.
Siemens Energy is declining 4.7%. BASF, Continental, Volkswagen, Porsche, Brenntag, Porsche Automobil Holding, Infineon Technologies, Commerzbank, Sartorius, Mercedes-Benz and BMW are down 3 to 4%.
Deutsche B...