DAX at Key Support as US Tariffs Shake Global Trade
The DAX remains rangebound in a descending triangle, testing 23,500 support. Meanwhile, Trump’s sweeping tariffs on pharma, furniture, and trucks add to global trade tensions. The EU prepares its own moves against Chinese steel, and TikTok ownership shifts to US investors. With Meta, Intel, and Oracle in focus, markets await clarity as volatility builds.
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DAX Technical Analysis 4 H
The Germany 40 (DAX) remains locked in a sideways range, with price action repeatedly testing the 23,500–23,600 support zone, forming a descending triangle structure. The recent candle failed to break above the midline of the Bollinger Bands, reinforcing short-term bearish pressure. RSI sits near neutral at 46, while the MACD histogram shows a slight bearish crossover, suggesting a stall in bullish momentum.
Volatility is compressing, as seen by narrowing Bollinger Bands, which often precede sharp moves. A breakdown below 23,480 would likely open the way toward 23,200, while bulls must clear the 23,800–23,900 resistance to reverse the trend. Indicators lean bearish-neutral, with no confirmed direction — a breakout from the current coil is needed for clearer bias.
US Trade & Tariffs
- Trump announced sweeping new tariffs effective Oct 1, 2025:
- 100% on branded or patented pharmaceuticals (unless manufactured in the US).
- 50% on kitchen cabinets, bathroom vanities & related products.
- 30% on upholstered furniture.
- 25% on heavy trucks made outside the US.
- Trump said tariff revenues will be redistributed to US farmers until they directly benefit from the measures.
- Administration weighing plan to cut reliance on overseas semiconductors; companies failing to maintain a 1:1 US-to-foreign production ratio could face tariffs.
US–China Relations & TikTok
- Trump signed an executive order on TikTok, saying talks with Xi were “good” and China is “fully on board.”
- US investors (Ellison, Michael Dell, Rupert Murdoch) to take over; Oracle to play a key role.
- Trump satisfied with security assurances; VP Vance said TikTok US valuation around $14bn and Americans will control the algorithm.
- White House sources: Trump has not committed to a Beijing visit, pending cooperation on trade and fentanyl.
- US Deputy Secretary of State met Chinese counterpart Thursday evening.
EU Trade Policy
- EU preparing to impose 25–50% tariffs on Chinese steel & related products, per Handelsblatt/Reuters.
Japan–US Coordination
- Japan Finance Minister Kato: JBIC facility to support the $550bn US–Japan investment package.
- Japan’s tariff negotiator Akazawa: Agreed US semiconductor & pharmaceutical tariffs on Japan will not exceed those applied elsewhere.
US Agriculture
- Agriculture Secretary Rollins: DOJ antitrust division to review fertiliser & seed costs.
- USDA developing plan to revitalize beef industry, but no direct payments to producers.
US Equities & Tech
- Meta (META): EU preparing charges for failing to police illegal content; also in talks with Google to integrate Gemini for enhanced ad targeting.
- Oracle (ORCL), Silver Lake, MGX: To own combined 45% of TikTok US, per CNBC.
- Intel (INTC): Approached TSMC about investments or manufacturing partnerships.
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