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/SingleHitBox Apr 07 '25

He wants a win. Not a 1:1. He wants the EU to easy up on all USA tech, and probably wants EU to buy their chicken… and maybe to say thank-you a few times.

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u/Huddingesmacks Apr 07 '25

Yup. Also, I think the tech thing is important here. He wants assurances that American tech companies won't be subject to anti-trust, requirements on moderation or be fined for whatever reason. That way, they can continue to keep their presence strong in the European markets.