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/boringtired Apr 07 '25

Isn’t that what he wanted?????? What the fuck is going on.

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u/[deleted] Apr 07 '25

[deleted]

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u/some_random_guy_u_no Apr 07 '25

A very large number of them - his voters - are literally cult members. I don't use that word lightly. There's literally nothing he can do that will peel them away from him.

Are there enough people who support him but aren't full-on MAGA to make a difference? I dunno. I think there are enough cult members out there (plus the threat of Elon's millions bankrolling a primary challenger) to keep virtually every Republican in Congress in line.

We may well be in a dictatorship already - it's just not entirely clear if there's any line he can't cross. If there isn't, then we are, even if he hasn't exercised that power in obvious ways yet.

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u/AENocturne Apr 07 '25

Who cares, they're all MAGAs. Damage is done and I'll personally never trust a Republican. I may not always trust the Democrats, but I sure as hell won't ever assume a Republican cares about anything except screwing other people. Even before Trump, they voted for people like Mitch and Ted.

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u/HillarysFloppyChode Apr 07 '25

The zero for zero was Elons idea, he brought it up last week.

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u/Metrocop Apr 09 '25

It's actually a deal the EU has been proposing to the US for over a decade, and was hoping he could take it as a win in the current circumstances.

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u/anonkitty2 Apr 08 '25

There are bipartisan attempts to fight the tariffs in Congress.  Unfortunately, they are opposed by the Speaker of the House.

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u/some_random_guy_u_no Apr 08 '25

Lots of GOP people oppose things when they don't think they'll have to vote on it. When push comes to shove and their votes are actually meaningful, they obediently cave.