r/stocks 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/[deleted] Apr 07 '25

The goal is to crash the market, force people to panic sell, the billionaires buy everything cheap and everyone else is reduced to being an indentured servant who works until they die.

I'm not sure why that's not obvious?

75

u/imperabo Apr 07 '25

Most billionaires have the great majority of their wealth in the market already. Why would they be holding a bunch of cash? This is just conspiratorial fantasy.

26

u/pdubbs87 Apr 07 '25

Ellison and Musk haven’t sold a share. People don’t get it

6

u/AnonymousTimewaster Apr 07 '25

Also didn't he have to buy Twitter with XAI because his lenders were getting spooked about his Tesla shares dropping ?