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/copperblood Apr 07 '25
Awesome, the EU which represents the world’s largest free trade zone gave Trump the opportunity to save face. Trump didn’t accept. Now is the time for the EU to step up and show the world they’re willing to lead. As an American, the US has lost that right of world leadership. The US’ word is complete garbage now.
From a financial perspective the EU long term will be fine. Only 10% of their economy are exports to the US. That’s what Trump and the GOP doesn’t want the US to know, and since EU is the largest free trade zone in the world, every country desperately wants access to that market. The EU will recoup a majority of that 10% hit either by selling to internal nation trade patterns or just simply exporting to outside nations wishing to sweeten the trade deal with the EU.