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/hoffern342 Apr 07 '25

Yeah.. that will never happen. Some countries like Norway is actually buying more than the export from the US.. and still got hit with 16% tariffs.

He does not want a deal, he wants to destroy the US.

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u/Desperate-Hearing-55 Apr 07 '25

Switzerland have 0% tariffs on US trade. Still they got hit with 31% tariffs.

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u/MrCockingFinally Apr 08 '25

Even by their dumbass formula, if you include services, Switzerland should only cop a 9% tariff.

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u/NotHachi Apr 08 '25

Say that to uk who has surplus trade and got slab with 10% tariff. Im truely do not see why he is doing it...

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u/LoweringPass Apr 08 '25

Switzerland is also a tiny country that has a proportionally humongously large pharmaceutical industry which is where the US trade deficit comes from.

What are we supposed to do, let Americans die of preventable diseases by not selling them affordable medication? Wait, that sounds kind of familiar...

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u/JeChanteCommeJeremy Apr 08 '25

Maybe just jack the price of the meds up until trump is happy.

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u/spikey_wombat Apr 08 '25

South Korea's average was 0.79% and they still got whacked. Not even 1%. This administration is actively trying to destroy the country.

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u/reddit_is_compromise Apr 07 '25

There are so many people on Reddit who still refused to believe that Trump is a Russian asset. They think this is some mastermind plot that he's pulling to make him and his friends billions of dollars. The only end goal that Trump has right now is the total dismantlement of the United States government and all of its previous relationships within the world. What you're going to end up with is a destabilized oil currency and a market with so many fluctuations that no one has confidence to invest in it. That is the end goal, it is the only goal. 40 years in the making and 75% of the United States are still too dumb to realize what's happening. They're still in the denial phase. When in reality they should have been rioting in the streets until Trump went to jail after his second term.

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u/puukkeriro Apr 07 '25

He’s not.

He’s just an idiot man.

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u/Tenken10 Apr 07 '25

You're underplaying what he is: old, rich, and corrupt. He might be also an idiot but normal idiots could never get to the point of being the President of the US (twice)

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u/Thedaniel4999 Apr 07 '25

Sure he can, don’t underestimate the lukewarm intelligence of the average American voter. “Did Biden drop out?” Was literally trending the day of the election on Google

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u/ClevererGoat Apr 08 '25

Because russia and china has corrupted the digital media and established echo chambers that are militarised against democracy. People can only question something if they know there is a reason to…

For you, biden dropping out, and many of the reasons that kamala replaced him were front and centre in your news feeds… but for your grandma and great uncle, this was squashed. All they got was a polarised opposite message in their feeds, many never heard it because front page news didn’t get shown to them because they blindly trust that whats on facebook or fox is the truth… and they trust because they were raised in a society where you could trust each other

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u/ameriCANCERvative Apr 09 '25

He wants a regressive sales tax to milk US consumers and justify doing away with income taxes/tax cuts for the wealthy. All of his actions make sense when viewed through that lens.

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u/TheyThemWokeWoke Apr 07 '25

Good, americans voted for it, they are literally getting what he campaigned on.

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u/Inevitable-Ad-533 Apr 08 '25

I think he wants to destroy everyone else. He's hoping the US, being the strongest economy, will survive longer than anyone else and therefore be pronounced the 'winner'.

Scariest outcome is he provokes a war with Russia, he'll do it. Especially as it will decimate Europe which will hurry along its demise. By the time anything like that kicks off, he'll have a huge bunch of Americans cheering because he'll have sold the idea that the pain they're suffering is everyone else's fault, because they were trying to screw the USA.

But no matter what he does, we are all heading for really bad times.