Market panic 'justified' – German trader

European shares plunged to a 16-month low on April 7 and Germany’s DAX opened more than 10% lower as investors grappled with the possibility of a recession after U.S. President Donald Trump showed no signs of letting up on his aggressive trade war. Frankfurt analyst Ascan Iredi said the panic was "justified." #tariffs #trump #stocks #market #dax #economy