German stocks stabilized on Tuesday after the United States suspended planned tariffs of 25% on Mexico and Canada. The DAX, Germany's top stock market index, rose by 0.36% to 21,505.70 points by the time the German stock market closed,

Germany is very concerned about US tariffs on Mexico and Canada, a government spokeswoman said on Monday. "Many German companies producing for the US market are present in both Mexico and Canada," said a spokeswoman for the Economy Ministry,

President Donald Trump said he is speaking Monday with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum before steep new tariffs on U.S. allies and trading partners are scheduled to take effect early Tuesday.