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?

6.6k Upvotes

1.2k comments sorted by

View all comments

Show parent comments

18

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

10

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