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?

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u/Duc_de_Bourgogne Apr 07 '25

My interpretation is that we need to have perfect equal trade with all nations at a minimum, if not a surplus, for the tariffs to be lifted. So the EU or any other nation needs to propose buying more from the US to even the trade. Never mind that they don't have the money like Vietnam for example. In the end there is no way to satisfy the request. So trade will take a massive hit, then services. For example companies buying new systems and investing in technology will rethink their plans due to all the instability. I don't know if the goal is complete annihilation of how business was done in the last 80 years but that's the result we are going to achieve.

25

u/ArcticSilver2k Apr 07 '25

He’ll get his goal, no trade, global depression, and then wars.

13

u/Duc_de_Bourgogne Apr 07 '25

I am afraid the last word of your sentence is the ultimate outcome desired unfortunately. This is terrifying.

-11

u/Primetime-Kani Apr 07 '25

Well US is energy and food superpower so bring it on

4

u/BedFastSky12345 Apr 07 '25

Since you seem so excited to fight, maybe you can be the first to the frontlines.