Global markets are experiencing heightened volatility following the announcement of new tariffs by U.S. President Donald Trump. The DAX index in Germany has been particularly affected, with reports indicating that investors are retreating in response to the proposed 20% tariffs on EU imports. German Economy Minister Robert Habeck has drawn a stark comparison between the economic impact of these tariffs and the ongoing war in Ukraine, suggesting that the repercussions could be severe. Analysts have noted that the tariffs have triggered a 'shock' in stock markets worldwide, raising concerns about inflationary pressures and high interest rates potentially affecting the U.S. economy as well. The situation continues to develop as investors closely monitor the unfolding implications of these tariff plans.