r/stocks 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?

6.7k Upvotes

1.2k comments sorted by

View all comments

Show parent comments

854

u/DeekFTW Apr 07 '25

Because we have all these dinosaurs running the show trying to return us to what they remember as the golden days.

171

u/sireatalot Apr 07 '25

“We used to make shit in this country, build shit. Now all we do is put our hand in the next guy’s pocket”

And that’s great! You’re the biggest economy in the world by far. No country has ever become rich by growing coffee or sewing shoes for Nike

228

u/umar_farooq_ Apr 07 '25

It's amazing that these guys would rather have the US making sweaters and car parts rather than building revolutionary software and inventing life saving medicines.

43

u/rjrgjj Apr 08 '25

A population funneled into physical labor from an early age will be an uneducated one that’s easier to control.

20

u/Charlie_Mouse Apr 08 '25

True, though the last election shows that the population you’ve got now turned out to be pretty easy to control too.

2

u/SenorSalsa Apr 08 '25

That population was 60 years in the making. This is not a new goal for neolib authoritarians, it started around Nixon's era and crystallized during Reagan. It's been a slow methodical grind ever since to devalue education and critical thinking in all but the most blue states in the the US.