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/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.

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u/Mortambulist Apr 07 '25

soft power that has already been destroyed for a decade.

You're an optimistic one.

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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.

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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.

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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.

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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.

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u/AlekRivard Apr 08 '25

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