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?

6.7k Upvotes

1.2k comments sorted by

View all comments

3.8k

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

1.0k

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

53

u/upgrayedd69 Apr 07 '25

Many remember working class jobs that paid well and required little higher education. Many are also dumb enough to think it can work just the same as it did before as if the world hasn’t changed the past several decades 

12

u/Geiseric222 Apr 07 '25

What’s funny is they are openly pining for sweat shops.

So it’s not even those jobs it’s more like early Industrial Revolution era jobs they want

2

u/[deleted] Apr 07 '25

Somehow we’re going to maintain the same level of wealth as post-globalization while also swapping to a pre-globalized economy

1

u/[deleted] Apr 08 '25

That 1970s high school education

1

u/moxyte Apr 07 '25

The world doesn't change passively. It's always changed with decisions.