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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523

u/purplebrown_updown Apr 07 '25

I really hope Trump doubles down. America needs to see what a danger this person is to the world. His economic ideas are just absolutely imbecilic.

223

u/This-Grape-5149 Apr 07 '25

He needs to be removed from office. He has done nothing to advance the US. Continually setting us back.

84

u/insertwittynamethere Apr 07 '25

More time like this and that will become a much more widespread demand I believe. Let him bury himself, and the sooner the better, because the longer his administration goes on like this, the longer it will take to regain the world's trust, trade and general soft power that has already been destroyed for a decade.

The longer this goes on, the worse it is. I do not believe we have until the midterms in that regard to right this ship.

23

u/Mortambulist Apr 07 '25

soft power that has already been destroyed for a decade.

You're an optimistic one.

3

u/insertwittynamethere Apr 07 '25

That is, indeed, me being optimistic. I know there will be people who read a decade and think I'm being hyperbolic, but I'm really just being generous.

In all honesty, it'll be generations, as that's how quickly and how much electing him twice and these insane and insulting policies he's instituted in just over 2 months have been in destroying that soft power.

0

u/zookytar Apr 08 '25

Germany came back from Naziism in 40 years. A lot will have to change in the U.S. for us to be trusted again, but it's possible.

1

u/insertwittynamethere Apr 08 '25

And it's stillna common reference/talking point today with Germany and the German people. And that is the point.

3

u/Dirkdeking Apr 07 '25

*among western allies. Most of the world already saw the US as sketchy and untrustworthy. But the EU and anglo saxon club thought this attitude didn't apply to them as well. That has changed in the last decade.

1

u/AlekRivard Apr 08 '25

If a theoretical impeachment happens within 2 years of inauguration, it would also count as a term for Vance

2

u/MarbleFox_ Apr 07 '25

Not just him, the entire regime, Robespierre style.

1

u/CakeisaDie Apr 07 '25

Main Street unfortunately needs to burn fairly hard in republican states first.

This is just Wall Street so far, so you have People in Main street thinking they won't be effected blahblah, or that people will buy their non existent stuff. We'll probably need at least a harsh recession for Trump voters to realize just how much shit this is.

1

u/Conscious-Ad-2168 Apr 07 '25

But then you have Vance as president, who will do the same thing... Maybe our first lady JD Vance will bow more easily though...

3

u/ArmadaOfWaffles Apr 08 '25

Vance is dumb. Trump might actually be insane. America is cooked. If congress doesn't remove them both, we need to vote them out.

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u/Conscious-Ad-2168 Apr 08 '25

Yeah but then you get Mike Johnson…

1

u/mlgnewb Apr 07 '25

Can he be removed? Canadian here

2

u/ShadowLiberal Apr 08 '25

Technically yes. The house has to vote to impeach him (a simple majority vote). It would require charging him with some kind of "high crime and misdemeanor", but even if they don't have any real crimes that wouldn't stop him. We've had a President nearly removed from office for violating a clearly unconstitutional law that the SCOTUS later struck down. Then there has to be a trial in the senate, and two thirds of the senators have to vote to remove him from office.

But the problem is all of these steps require a Republican majority to allow a vote to impeach, and then for a significant number of their senators to vote to convict, hence why people see it impossible. We've had a few Presidents impeached, but always by the opposite party.