Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

World

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

by admin April 10, 2025
April 10, 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

previous post
US-China rivalry over Panama Canal sparks tensions, leaving Panama caught in war of words
next post
Canadian Election Candidates Unveil Plans to Fast Track Mining and Energy Projects

Related Posts

Israel proposes Gaza ceasefire deal to release 10...

April 16, 2025

14 killed in worst Russian strikes on Kyiv...

June 17, 2025

Israeli strike kills three in Beirut in test...

April 1, 2025

World’s oldest person, Brazilian nun Inah Canabarro Lucas,...

May 3, 2025

NATO allies scramble for direction as Trump team...

February 13, 2025

Two arrested as investigation into ‘QatarGate’ in Israel...

April 2, 2025

More than 1,000 US kids were named ‘King’...

May 15, 2025

Trump considers attending Ukraine-Russia talks in Turkey

May 13, 2025

More than 200 children found with high lead...

July 9, 2025

Beijing residents shaken in their beds by 4.5...

March 26, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


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

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      September 15, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 15, 2025
    • Locksley Resources LimitedSignificant Enlargement of Exploration Program

      September 15, 2025
    • Significant Enlargement of Exploration Program

      September 15, 2025
    • Completion of Non-Renounceable Pro-Rata Entitlement Offer

      September 15, 2025
    • Newmont to Delist from Toronto Stock Exchange as Cost Cuts Deepen

      September 15, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.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 crazyflux.com | All Rights Reserved