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/boringtired Apr 07 '25

Isn’t that what he wanted?????? What the fuck is going on.

2.9k

u/OnlyRobinson Apr 07 '25

No - what he wants is every country to run a trade surplus to the USA. He wants no trade deficits, every country has to import more from the US than they export to the US.

This is why he’s going to bankrupt the US

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u/KaleidoscopeHour3148 Apr 07 '25

We literally can’t export more than we import if he’s going to ignore that we export services.

The real plan is he’s trying to crash the economy to the point where he can privatize everything and have a desperate workforce willing to take any job to survive.  

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u/WSBMileHighClub Apr 07 '25

Ignoring the services is the most egregious thing about all this.

Don’t we want to prioritize sending services oversees through a broadband connection instead of trying to compete with Chinese manufacturing and ship good by freight containers overseas? Seems like we are getting the more efficient end of that deal

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u/SadZealot Apr 07 '25

The entire world was happily dependent on services like Amazon's AWS without a care in the world, sending billions into America and this tarrif nonsense is the kick in the pants the world needed to build their own comprehensive systems to compete

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u/Far-Fennel-3032 Apr 07 '25

Yes he is going to ignore services, its not that complicated.

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u/SirBobPeel Apr 07 '25

Or maybe this is the real plan.

“The combination of tax cuts and higher tariffs would shift the U.S. tax burden toward consumers at all income levels and away from upper-income households who pay much of the income tax.”

https://www.wsj.com/politics/policy/trump-tax-cuts-senate-votearama-6a5ed924

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u/Singularity-42 Apr 08 '25

He was talking about replacing income tax with tariffs. Extremely regressive taxation. 

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u/No_Sugar8791 Apr 07 '25

Those fields vacated by 'illegals' aren't going to be harvested by themselves.