Frankfurt's DAX deepened losses to close about 2.4% down at 23,496 on Friday, hitting a five-week low and logging its worst daily drop since April 9. Markets were rattled by new tariffs unveiled by President Donald Trump overnight and a disappointing US jobs report, both of which heightened concerns about inflation and the economic outlook. Tariffs ranging from 15% to 40% will take effect Thursday under new deals covering roughly 70 countries, including the European Union, which agreed to a 15% increase in base rates with the United States. On the corporate front, all sectors saw losses. Among individual stocks, Daimler Truck plunged over 8% after the company cut its full-year outlook late on Thursday, citing persisting market weakness in North America. Other notable decliners included Siemens, Heidelberg Materials, Porsche AG, Siemens Energy, Airbus, Allianz and Volkswagen, with losses ranging between 5.3% and 3.2%. For the week, the DAX shed about 3.3%.