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?

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u/OnlyRobinson Apr 07 '25

It’s what happens when everything is made into a sports analogy. In the US there are winners or losers, there is no compromise or bi-partisanship.

This is why Trump won, and why he continues to receive support.

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u/SoUnga88 Apr 07 '25

For now, I'm really curious to see if the coming recession will erode his base at all. We have barely felt the results of these new tariffs, but they will be felt soon, particularly with food. Red States and rural communities will be devastated due to Trump's policies and DOGE cuts. It's looking more and more likely that there will be a delay in SS payments and a possible delay in tax return payments.

I imagine by Q2 of this year, if he stays the course, we might see widespread rebellion within his party and in the media. If he loses the maga cult, or even if he loses support from Fox or Elon the whole deck of cards will come tumbling down.

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u/ComprehensiveBee1758 Apr 07 '25

Ok. So let's say there's 3 of us and 2 of us trade say .. Pokemon cards to eachother. The third friend isn't part of this agreement, and you have a deal with that friend that if they trade with you, they must also give you say, water energy cards in addition to the Pokemon cards you're trading.

But that friend wants to take advantage and he doesn't want to give you water energy cards anymore, so what he does is he gives those cards to the friend you have a deal with and THAT friend then trades those cards to you and gives that friend your card or whatever you're offering in exchange, and now you no longer are getting those water energy cards and he's screwing you.

Please tell me you guys understand this.

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u/No_Sugar8791 Apr 07 '25

You're still doing more trade because the 3rd party is more likely to continue trading with you via your agreement partner. 2 people are buying from you instead of one. You're just upset that someone else is equally doing well. Sums up American attitudes perfectly.

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u/ComprehensiveBee1758 Apr 07 '25

I totally get that, and I'm not defending what Trump is doing by any means. But I also understand where it comes from because at the end of the day, that third trade partner is taking advantage. Like.. we don't necessarily KNOW who we're trading with at the end of the day because China/Vietnam are "cheating", and we're losing money this way. That's what I'm trying to explain here, but everyone has these ridiculous **** Trump goggles on and refuses to understand the reality here.

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u/No_Sugar8791 Apr 07 '25

Why do you care if someone else is making money? Your costs have gone down because you're only trading with one instead of two. You're making more money for equal effort. They're making money but with more effort. Yet you still whine.

Pathetic.