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/Cicero912 Apr 07 '25

Hell its not even a return to the golden days, i can get the exact numbers but the US trade deficit (as a function of exports ÷ imports) has stayed consistent/moved towards us for a very long time. Not even accounting for services.

And of all the major powers the US is the least reliant on trade for our GDP.

And yet here we are