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DAX making a Flag on Daily chart

DAX was up on Tuesday morning after testing the low level of 19282 in the same trading session as tracking its European peers lower as Donald Trump doubled down on his threats to raise tariffs, mentioning a 10% tariff increase on China and a 25% hike on Mexico and Canada. The news raised further concerns about the impact of a second Trump administration on global trade, particularly in Europe. Yesterday, markets got a boost by the nomination of Scott Bessent as US Treasury Secretary, seen as more moderate on the tariffs front, but the enthusiasm faded.