Germany’s political parties hoping to form the next government have agreed to loosen the country’s strict "debt brake" system which constitutionally limits new government borrowing to 0.35% of GDP. Conservative leader Friedrich Merz says extraordinary efforts are needed to boost the country’s defence capabilities given the current security uncertainty. Plus, a day after imposing 25% tariffs on imports from Canada and Mexico, Donald Trump has agreed to give a one-month exemption to cars.
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