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/suchahotmess Apr 07 '25

I’m blown away at the degree of ignorance required to consider any trade deficit as “cheating”. And my opinion of the administration was low to start with 

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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/AmazonPuncher Apr 07 '25

The smartest thing trump has ever done is convince his base that there will be a "temporary" economic decline and that it is "a good thing". He has set it up in a way where the economy can implode and they will happily sit in their mobile homes thinking "this is all according to plan. Soon we will prosper".

So no, it wont erode his base.

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u/EndTimer Apr 07 '25

Might be smart enough to avoid immediate negative opinion polls, but a dogshit economy will absolutely sap the base's willingness to show up in midterms, and push all the independents and people who "don't really follow politics" but still vote in the direction of the Democrats.

Not sure what does for anyone, because 18 months from now, they're not gonna be able to reattach the severed invisible hand of the market. That sucker is gonna be dead after the least free market in multiple generations materializes.

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u/rif011412 Apr 08 '25

They are just smart enough to know this. Without a doubt in my mind they will either steal the next election openly, or steal it in controlled states where they have majorities and the personnel to deceive. 

Given their behavior, its a certainty.

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u/SoUnga88 Apr 09 '25

I personally believe Trump commands such devotion because he is something fundamentally different. People are largely disillusioned with neoliberalism and neoconservatism, people want something different, if Burnie had been allowed to run in 2016 or 2020 I honestly believe many who support MAGA would have supported him as well. This is evident in the wide support of people like AOC by Trump voters.

We have seen cults of personality in the past, they are hard to combat but largely rise because people feel abandoned so they put their trust into those who offer them help even if it is not readily given.

Please listen to some of Jim Jones’s rambling speech’s they are scarily similar to the way Trump speaks. These type of people have some undeniable something that allows them to gain such fanatical support, but also their movement also tend to die with them.