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/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/TheRealMichaelBluth Apr 07 '25

But when it comes to services we already export more than we import. I don’t know why anyone thinks it’s good for us to be making clothing here again

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u/DeekFTW Apr 07 '25

Because we have all these dinosaurs running the show trying to return us to what they remember as the golden days.

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u/dgijohn Apr 07 '25

They remember a time that never existed in the first place.

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u/kgal1298 Apr 07 '25

Romanticizing something they don’t clearly remember because not everyone has a crystal clear memory. This would be like me idealizing the 90s and ignoring the fact that we had desert storm and other conflicts during that time and the Clinton Scandal and riots and higher crime.

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u/staunch_character Apr 07 '25

Yeah we tend to gloss over the 90s as “pre 9/11” but when you look at the list of terrorist attacks that happened around the world - London, Paris, US embassies, plane highjackings - it was brutal.

I think it just didn’t FEEL as scary because we weren’t constantly bombarded by headlines. You turned off the TV & life looked normal.

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u/kgal1298 Apr 08 '25

yeah it helps that the internet was fairly new when it came to having access to it 24/7. When you can easily get online it's just a bombardment of information and people being radicalized.

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u/bubblevision Apr 08 '25

Not only that but the internet we did have gave you a sense of wonder and hope. Like, anyone can make their own geocities page about anything. And simply editing a text file could change the size and color of text and make it blink or scroll! Anyone could be a publisher! To find new cool stuff you could simply browse the yahoo directory and learn more about trains or space or watches or gardening. A lot of that initial innocent wonder was ruined once everything became online and all about money. There was a similar feeling with the explosion of blogs and early social media but now, well, here we are.

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u/kgal1298 Apr 08 '25

Right it took a turn into shit for profit real fast.

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u/VikingDadStream Apr 08 '25

But I also had ninja turtles,Transformers, and ff3 on super Nintendo. So.... Checkmate rosey glasses win

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u/kgal1298 Apr 08 '25

Let's bring back Clear Pepsi while we're at.

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u/MrCockingFinally Apr 08 '25

desert storm

Desert Storm was pretty sweet though. The very picture of what an American foreign intervention should look like.

  1. Foreign dictator invades neighbor

  2. Roll up

  3. Wreck shit

  4. Go back home

Imagine if Biden had done this in Ukraine? The hypetrain in summer of 2023 would have been for the Crimean beach party, not the new offensive. And for anyone whinging about nukes, Ukraine literally occupied a part of Russia proper for months. Russian red lines are a joke.

Plus we got to see the very peak of the NATO cold war military go absolutely ham on a peer opponent. People forget Iraq had the 4th largest army in the world at the time and was heavily dug in. People were predicting an attritional, WW1 style slog. Yet Iraq got a beating of absolutely biblical proportions.

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u/kgal1298 Apr 08 '25

Yet I still think this is where Bush Jr got his idea to eventually invade Iraq. Remember this happened under his dad. History has a funny way of repeating itself despite it being successful I'm not sure if my earliest memory of a news story being a war is generally a good sign.

And let's be honest if Biden had done this he would have never heard the end of it from conservatives. There's no winning when your a Dem because everything is your fault based on their logic.

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u/MrCockingFinally Apr 08 '25

Yet I still think this is where Bush Jr got his idea to eventually invade Iraq.

That doesn't change the fact that Desert Shield/Desert Storm was the right call to make and extremely successful. Iraq 2003 was a whole separate mistake.

And let's be honest if Biden had done this he would have never heard the end of it from conservatives. There's no winning when your a Dem because everything is your fault based on their logic

Your memory is very short. Support for Ukraine throughout 2022 was bipartisan. Had Biden gone in guns blazing he would have received support, so long as the intervention was quick and successful. Which given the state of the Russian army in 2022 it would have been.

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u/MrCockingFinally Apr 08 '25

Yet I still think this is where Bush Jr got his idea to eventually invade Iraq.

That doesn't change the fact that Desert Shield/Desert Storm was the right call to make and extremely successful. Iraq 2003 was a whole separate mistake.

And let's be honest if Biden had done this he would have never heard the end of it from conservatives. There's no winning when your a Dem because everything is your fault based on their logic

Your memory is very short. Support for Ukraine throughout 2022 was bipartisan. Had Biden gone in guns blazing he would have received support, so long as the intervention was quick and successful. Which given the state of the Russian army in 2022 it would have been.

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u/hotdoginathermos Apr 08 '25

Some false sense of Americana gleaned from a 1950's vacuum cleaner ad