Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

World News

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

by 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
VP Vance blasts McConnell’s vote against Trump Pentagon nominee: ‘Political pettiness’
next post
Biden admin held private talks with Beijing on Chinese spy balloon ahead of notifying public, officials say

You may also like

China’s maritime movements around Taiwan are largest in...

December 10, 2024

What we know about the deadly violence in...

March 10, 2025

UN inquiry accuses Israel of ‘crime of extermination’...

October 11, 2024

Pope Francis is improving and is no longer...

March 10, 2025

The illusion of Assad’s grip on Syria shatters,...

November 30, 2024

Birthright citizenship: Why the ‘right of soil’ is...

January 31, 2025

Israeli attacks in West Bank killed at least...

November 6, 2024

Breakaway Moldovan region cuts heating and hot water...

January 1, 2025

A soccer-loving nun from Brazil tops list of...

January 6, 2025

Volcano eruption in Guatemala forces hundreds to evacuate

March 10, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

    • Trump warns Honduras of ‘hell to pay’ if election count changes, presses officials to finish tally

      December 2, 2025
    • Spec ops chief ordered deadly Caribbean strike ‘in self-defense’ with Hegseth’s sign-off, White House says

      December 2, 2025
    • House unanimously approves barring anyone tied to Hamas’ Oct 7 attack from entering US

      December 2, 2025
    • Airbus says most of its recalled 6,000 A320 jets are now modified

      December 2, 2025
    • Trump declares importance of not derailing ‘Syria’s evolution into a prosperous State’

      December 1, 2025
    • Trump MRI results drop as White House confronts mounting questions over president’s health

      December 1, 2025

    Categories

    • Business (832)
    • Investing (661)
    • Politics (6,475)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 WhaleLargeCapital.com | All Rights Reserved