New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

World

Germany’s centrist parties agree coalition deal as Trump tariffs spark recession fears

by admin April 9, 2025
April 9, 2025
Germany’s centrist parties agree coalition deal as Trump tariffs spark recession fears

Germany’s major centrist parties have reached a coalition deal, amid mounting pressure to form a government as Europe’s largest economy teeters on the brink of recession after sweeping tariffs imposed by the Trump administration caused global turmoil.

Details of the coalition agreement remain unclear, and are set to be unveiled at a Berlin news conference at 9 a.m. ET.

Chancellor-in-waiting Friedrich Merz’s CDU party emerged victorious in February’s vote but failed to win a majority, with the far-right Alternative for Germany (AfD) surging into second place and almost doubling its supporter base.

Since then, the CDU/CSU have for weeks been locked in formal coalition talks with the SPD – Germany’s other main centrist party, which had led a three-way coalition government until its collapse in November 2024.

Pressure in Berlin to reach a deal had only mounted in the face of wider uncertainty, including the Trump administration’s introduction of sweeping import tariffs that have reshaped global trade. Merz has promised to revive Europe’s largest economy if he becomes chancellor, after years of uncharacteristic stagnation.

Continued mounting support for the AfD since the election also infused the talks with a sense of urgency. An Ipsos poll released Wednesday showed the far-right coming out on top for the first time, landing on 25%, ahead of the CDU on 24%.

“For the first time in the still-young history of the AfD, we are the strongest force in Germany. Thank you for your tremendous trust – the political change will come!” AfD co-leader Alice Weidel wrote in a post on X alongside the poll’s findings.

Merz has also pledged to boost the country’s defense spending, as Europe grapples with the threat from Russia and the US adopting a more hostile stance to European security. Berlin has reformed its so-called “debt brake” in order to loosen borrowing limits and allow for new investments in defense.

Merz has vowed to significantly tighten Germany’s immigration policies following a series of attacks perpetrated by migrants that catapulted the issue to the forefront of the 2025 election.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
‘A moral stain’: Former UK prime minister, Global Commission deliver new report calling to eradicate modern slavery by 2030
next post
DR Congo repatriates three Americans who faced death penalty over failed coup attempt

Related Posts

Israel to remain in some West Bank refugee...

February 23, 2025

How Israel and allied defenses intercepted more than...

April 14, 2024

President’s daughter hopes to help Cameroon’s gays by...

July 11, 2024

Governor of Mexican state says the US withdrew...

May 12, 2025

European region sees highest number of measles cases...

March 14, 2025

UK government under growing pressure to stop selling...

April 5, 2024

Russia is ‘recycling’ wounded troops, sending some to...

February 22, 2025

Russia says it’s open to economic cooperation with...

February 25, 2025

Dozens of Russian mercenaries killed in rebel ambush...

July 30, 2024

Estonia thwarts ‘shadow war’ attack, Prime Minister Kaja...

February 21, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Poland’s presidential election on a knife edge after heated election, exit polls show

      June 2, 2025
    • Ukraine targets several Russian air bases in large-scale operation ‘Spiderweb’

      June 2, 2025
    • How protests over designer handbags threw Mongolia into political crisis

      June 2, 2025
    • Drone strikes ahead of Russia-Ukraine peace talks leave Trump’s credibility hanging by a thread

      June 2, 2025
    • Climate activist Greta Thunberg joins aid ship sailing to Gaza

      June 2, 2025
    • Ukraine’s drone attack the latest in a series of daring David versus Goliath hits against Russian targets

      June 2, 2025

    Popular

    • 1

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 2

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 3

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023
    • 4

      Americans are starting to feel better about the economy and inflation

      December 13, 2023
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Rare Earths Stocks: 8 Biggest Companies in 2024

      January 12, 2024
    • 7

      Investing in Graphene Companies

      May 9, 2024

    Categories

    • Business (1,343)
    • Investing (3,219)
    • Politics (4,225)
    • World (4,179)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved