Frankfurt’s DAX trimmed early gains to close 0.3% higher at 23,905 on Wednesday, marking its third consecutive session of gains, as traders weighed corporate earnings and looming US tariffs. President Trump is set to impose broad tariffs on August 7 against countries without trade deals. While the EU and US are finalizing an agreement, 15% tariffs on EU goods will take effect tomorrow, with Trump warning of a potential increase to 35% if pledged European investments don’t materialize. He also reiterated plans to introduce drug import tariffs “within the next week or so.” On the corporate front, Vonovia led gains with a 3.5% jump after reporting 11% earnings growth and raising its 2025 outlook. Siemens Energy added 1% on a €697 million Q3 profit, reversing a €102 million loss, and reaffirmed its upgraded guidance. In contrast, Bayer slumped nearly 10% on weak sales in soybean seeds and pesticides, while Beiersdorf fell over 8% after reporting softer-than-expected growth.