Germany took a step toward a new chancellor. Its February election left the nation’s two main centrist parties with one choice: Join hands or risk opening the government to right-wing forces. Today, as long expected, the center-left Social Democrats agreed to join a coalition led by the center-right Christian Democrats. This paves the way for Friedrich Merz of the Christian Democrats to become chancellor. It also maintains the “firewall” that ensures the right-wing Alternative for Germany will have no role in the governing coalition, despite being the second-largest party. – Staff
U.S. consumer confidence hit a five-year low. It slumped for the fifth straight month to the lowest level since the onset of the pandemic, as worries about the impact of tariffs on the economy appeared to take a toll on consumer expectations for growth. The Conference Board said Tuesday that the index fell 7.9 points in April to 86, its lowest reading since May 2020. – The Associated Press
Related Monitor story: In times of uncertainty, people and businesses often slow spending. Our report from last month.
President Trump adjusted some automaker tariffs. He signed executive orders late Tuesday to relax some of his 25% tariffs on automobiles and auto parts, the White House said, a significant reversal on the import taxes. Mr. Trump portrayed the changes as a bridge toward automakers moving more production into the United States. “We just wanted to help them during this little transition, short term,” Trump told reporters. – AP
No, Amazon did not tease tariff-cost transparency. A report early Tuesday by Punchbowl News sparked speculation the e-commerce giant would do so. The Amazon service Haul had “considered the idea” of listing import charges on some products but never approved it, said a company spokesperson. The White House press secretary called the rumored action a “hostile and political act.” Tuesday afternoon President Trump praised Amazon’s Jeff Bezos on the matter. “He solved a problem very quickly and he did the right thing,” Mr. Trump told reporters. – AP
Veterans want answers on messaging app leaks. More than 85% said they believe there should be accountability for the recent episodes involving Signal, according to a new poll by Iraq and Afghanistan Veterans of America. That included three-quarters of veterans who identify as Republican. The majority of respondents (89%) said they had deployed directly or in support of U.S. operations in Iraq, Afghanistan, or Syria. Along with their desire for accountability, 87% of vets who voted in the 2024 presidential election said they remain satisfied with their vote choice. – Staff
The European Union is courting the world’s researchers. European Commission President Ursula von der Leyen on Tuesday invited scientists and researchers from around the world to make Europe their home. Ms. von der Leyen made the statement as the Trump administration is threatening to cut federal funding for Harvard and other U.S. universities, mainly over how they have handled pro-Palestinian rallies against Israel’s war in Gaza, but also over such issues as diversity, equity, and inclusion programs and climate initiatives. – Reuters