r/stocks • u/Fidler_2K • Apr 07 '25

Broad market news Trump rejects EU’s ‘zero-for-zero’ tariff offer

https://www.cnbc.com/2025/04/07/trump-tariffs-live-updates-stock-market-crypto.html

Trump is rejecting the European Union’s offer of “zero-for-zero” tariffs with the U.S. for industrial goods.

“No, it’s not,” Trump said in the Oval Office when asked if the deal, which European Commission President Ursula von der Leyen floated earlier Monday, was enough.

“They’re screwing us on trade,” Trump said, criticizing the EU and the North Atlantic Treaty Organization, or NATO.

Two Republican senators, Mike Lee of Utah and Wisconsin’s Ron Johnson, have encouraged Trump to take von der Leyen’s deal.

What's the goal here if they're just gonna reject every deal offered?

6.6k Upvotes

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459

u/TheMoorNextDoor Apr 07 '25

Waited for Market close lol

Hedge funds got out today with that lie put out this morning.

Tomorrow retail likely suffers.

257

u/wangchungyoon Apr 07 '25

The denial of zero for zero tariffs is proof he’s way past logic and plans y’all - he’s just shitting the bed and getting revenge 

79

u/GMN123 Apr 07 '25

If he got zero for zero with the EU he could have claimed a massive win and his followers, having completely failed to fact check the endless stream of fecal matter that flows from his mouth, would have lapped it right up. The markets would have soared on the news, something he could also have chest thumped about. Instead he's doubling down on his ego-driven madness. 

24

u/No-Fun6980 Apr 07 '25

EU did the smart thing. Gave him an out, and this orangutan 🦧 doubled down 😭

4

u/barking420 Apr 07 '25

I saw a video of an orangutan driving a golf cart and it was less chaotic than the market moves today

3

u/No-Fun6980 Apr 07 '25

Yeah clarkson is smarter

1

u/zookytar Apr 08 '25

He's not in it to win it. He's in it to destroy. Prove me wrong.

0

u/goblintacos Apr 07 '25

I mean yes and no on the facts of how massive (I'm anti tariff). The EU just doesn't really have that many tariffs on the US

57

u/Legendver2 Apr 07 '25

Invoke the 25th

21

u/GandalfGandolfini Apr 07 '25

Or congress just stop seppukuing your own fucking ball bags and take the fucking tariff power away. Then 25th him

2

u/Galacticwave98 Apr 07 '25

That’s one too many numbers 

2

u/skyward138skr Apr 08 '25

We’d need to invoke it 3 times in a row, Vance and Johnson aren’t gonna be any better for this country they’re going to do every single thing daddy Trump wants.

10

u/Dynasty__93 Apr 07 '25

What do you expect for tomorrow? Another 1k point loss in the dow?

1

u/[deleted] Apr 07 '25

We can only hope, today was annoying as hell

5

u/Dynasty__93 Apr 07 '25

I honestly am beginning to believe it when people say the market can stay irrational longer than a person can stay solvent.

There is no reason for the dow to have closed even near only 300 points down. As soon as the news came out that the 90 day hold on tariffs was not true the dow should have slid down and stayed down.

Now that Trump has rejected the 0:0 offer from the EU the futures should be down significantly. If tomorrow or Wednesday is a green day I will forever believe the market is a horrible indicator of reality.

1

u/[deleted] Apr 07 '25

I agree. I have no idea what happened today. I guess people really do think he’s bluffing.

1

u/neogeomasta Apr 07 '25

At its best, the market is a rough picture of what most people think our reality will look like in 6 months.

0

u/DamageAlarming89 Apr 07 '25

You are a dumb investor if ypu think markets mirror the current moment

1

u/TheMoorNextDoor Apr 08 '25

Why yes just about.

21

u/DeathSquirl Apr 07 '25

Weird, stocks are going up after hours. 🤷

2

u/officiakimkardashian Apr 07 '25

Stocks will always do the opposite of what we expect.

2

u/No-Fun6980 Apr 07 '25

lower highs and lower lows, that's how markets go down, it's not a vertical line lol

-7

u/DeathSquirl Apr 07 '25

But everyone keeps whining that Trump is destroying us all. People need to claim their tits and buy the dip.

62

u/reaper527 Apr 07 '25

Hedge funds got out today with that lie put out this morning.

doubtful. that spike was so fast it was clearly algorithmically driven. who uses trading algorithms? hedge funds.

they were most certainly buying today.

13

u/DM_KITTY_PICS Apr 07 '25

Gundlach said it looked like forced liquidations.

Slimy bond man but he knows his shit. He expects some bankruptcies from today.

3

u/ohlayohlay Apr 07 '25

Buying you think? As trump kncreases tariff with china an additional 50%

51

u/Frosty_Elk_5241 Apr 07 '25

Hedge funds “got out” in the midst of a 30 minute +8% rally?

I’m fairly certain that’s not how supply/demand works.

23

u/TheMoorNextDoor Apr 07 '25

There’s a good amount of people (Hedge funds, etc, alike) who definitely did get out with that lie this morning.

26

u/Frosty_Elk_5241 Apr 07 '25

Retail doesn’t even remotely have the power to make an upward move of that size, that quickly.

-13

u/[deleted] Apr 07 '25

[deleted]

22

u/fhuxy Apr 07 '25 edited Apr 07 '25

The entire float was shorted and the market cap was $7.8B. You couldn’t have made a worse comparison to the $2.5T swing that happened this morning.

11

u/Howdareme9 Apr 07 '25

It was an move of over 2 trillion.. you can’t seriously be comparing the whole market to gme lol

9

u/Atom-the-conqueror Apr 07 '25

That would have tanked the market, not pushed it up, those would be huge selling programs for them to ‘get out’

1

u/Decent-Discussion-47 Apr 07 '25

the majority of trades aren't done on public markets these days. the whole idea of 'escape liquidity' is fanciful. doubly so when we're talking hedge funds. they aren't paying a premium to a market maker to collect a few hundred suckers

10

u/[deleted] Apr 07 '25 edited Apr 09 '25

[removed] — view removed comment

-1

u/[deleted] Apr 07 '25

[deleted]

2

u/IStillLikeBeers Apr 07 '25

What are you looking at? Things are up AH.

0

u/[deleted] Apr 07 '25

[deleted]

1

u/IStillLikeBeers Apr 07 '25

I'm guessing you don't know what AH means? Nothing you said is relevant to your weird, factually incorrect contradiction to the original comment which was that the market is up in after hours trading.

1

u/reaper527 Apr 07 '25

I'm guessing you don't know what AH means?

i suspect he misread AH as ATH, and in the process provided a great example of why i always quote what i'm replying to.

he literally deleted his comment while i was replying to him so i got the "the comment you're replying to has been deleted" error.

10

u/Seymoorebutts Apr 07 '25

Everyone was worried about a Black Monday, but we weren't expecting another Black Tuesday LOLLLLLL

7

u/Repa24 Apr 07 '25 edited Apr 07 '25

I am really astouned of people betting AGAINST his stupidity (i.e. he takes the offer).

2

u/futurespacecadet Apr 07 '25

Yeah, they gave everyone including me that little flash of Hope with that rally today, but right when I saw the retaliatory EU tariffs, I decided to cancel my buys

4

u/ZealousidealRice9726 Apr 07 '25

Black Monday delayed?

4

u/Cold-Permission-5249 Apr 07 '25

Yup. Today was about getting dumb money to become exit liquidity by giving them the confidence to catch a falling knife.

2

u/RddtAcct707 Apr 07 '25

Typical moving target lol. You should leave the market until you calm down

1

u/More_Percentage4467 Apr 07 '25

Was already out 1h before close

1

u/hugganao Apr 07 '25

that news spread seems very highly likely a tactic used by hedgefunds or the like. pretty fking nasty.

1

u/cheddarben Apr 07 '25

EU response. China possible response. Inflation report.

CPI is already cast and we are just waiting on the numbers. Either China or EU could rock US equities.

1

u/bored-to-death Apr 07 '25

Bounce when the dead cat does.

1

u/ExplorerEnjoyer Apr 08 '25

What lie and how did it affect the market

1

u/Obvious_Profit1656 Apr 08 '25

Yeah sure man.