Germany’s conservative Christian Democratic Union (CDU-CSU) party has secured the largest share of votes in the country’s federal election, with far-right Alternative fuer Deutschland (AfD) party coming second. CDU-CSU leader Friedrich Merz is now expected to become Germany’s next chancellor, despite initial doubts about his government’s ability to work with the AfD.
The move comes as tensions between Europe and the US reach a boiling point over Ukraine. President Donald Trump has been at odds with European leaders, including Merkel, on the issue. The rift has led some to question whether the US is prioritizing its own interests over those of Europe.
In other news, Berkshire Hathaway will continue to invest in Japan’s trading houses, while US stocks fell due to concerns over inflation and recession fears. Additionally, US agencies have raised alarms about Chinese medical equipment, citing security risks. The Federal Reserve remains neutral amid uncertainty, awaiting further developments in the economy.
Source: https://www.cnbc.com/2025/02/24/cnbc-daily-open-europe-us-relationship-takes-center-stage.html