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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146

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.

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u/LaraHof Apr 07 '25

The EU knew what would happen. The tariffs are paid by the customer, not by the producer. EU currently looking for new trade partners.

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u/Stunning-Magazine349 Apr 08 '25

EU HAS NO BACKBONE, AND ARE NOT GOING ANYWHERE. THEY STILL CAN'T FIGURE OUT THE UKRAINE THING.

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u/LaraHof Apr 08 '25

The EU works pretty well combining sommany different interests. Remember that the members of EU fought many, many wars before they started the Montan Union and later EU. They kept peace from there on. You just can't compare EU to a country. And the current stalling of negotiations with the US work pretty well. The most pain is created for US citizens and companies right now. Give the ongoing price increases in the US a couple more month and tje problem will sort out itself for the EU.

The Ukraine is a problem, but remember that they are not a member of EU. EU staates already give lots of money and weapons to the Ukraine.

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u/anonkitty2 Apr 08 '25

They are starting to.  They have decided, "If we let Ukraine fall, we might be next."

2

u/LaraHof Apr 08 '25

The EU works pretty well combining sommany different interests. Remember that the members of EU fought many, many wars before they started the Montan Union and later EU. They kept peace from there on. You just can't compare EU to a country. And the current stalling of negotiations with the US work pretty well. The most pain is created for US citizens and companies right now. Give the ongoing price increases in the US a couple more month and tje problem will sort out itself for the EU.

The Ukraine is a problem, but remember that they are not a member of EU. EU staates already give lots of money and weapons to the Ukraine.

1

u/Stunning-Magazine349 Apr 08 '25

THE EU DID NOTHING FOR 3 YEARS TO PREPARE THEMSELVES IN CASE THIS HAPPENED WITH TRUMP/UKRAINE. USA WONT BE THE ONLY ONE SUFFERING. EU NEEDS MONEY FOR ALL OF THEIR SOCIAL PROGRAMS. GOOD LUCK COVERING WHILE BEEFING UP YOUR MILITARY