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

Elon Musk speaks at Germany’s AfD campaign launch...

January 26, 2025

Analysis: What to make of the US retaliation...

February 3, 2024

Peacekeepers’ safety in Lebanon ‘in jeopardy,’ UN official...

October 11, 2024

Why an 18-year-old UN resolution is critical to...

November 26, 2024

Eight killed in Austria school shooting, interior ministry...

June 10, 2025

Yazidi woman captured by ISIS rescued in Gaza after...

October 4, 2024

This photographer is celebrating tiny creatures through close-up...

June 26, 2025

Pro-Ukrainian Russian forces claim cross-border attacks in Russia

March 13, 2024

Hamas and Israel trade blame over deal violations....

January 26, 2025

Rwanda in talks to receive migrants deported from...

May 5, 2025

    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

    • Trump 1.0 alums share chilling Google message from before second-term return: ‘LAWFARE at its finest’

      August 3, 2025
    • Dems dig in, Trump demands all: Nominee fight boils over in Senate as GOP looks for a deal

      August 3, 2025
    • Pirro confirmed as D.C. U.S. Attorney amid partisan clash as Dem nominee blockade continues

      August 3, 2025
    • Ex-Trump prosecutor Jack Smith under investigation by government watchdog Office of Special Counsel

      August 3, 2025
    • Trump tells Schumer to ‘GO TO HELL’ over Senate nominee deal funding demands after negotiations collapse

      August 3, 2025
    • Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

      August 3, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 3

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

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

      December 19, 2023
    • 6

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

      December 13, 2023
    • 7

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024

    Categories

    • Business (1,434)
    • Investing (3,628)
    • Politics (4,737)
    • World (4,461)
    • 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