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Trump Rejects EU’s ‘Zero Tariffs’ Offer, Vows to Erase $350bn Trade Deficit With Energy Sale


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Posted

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"NOT GOOD ENOUGH" 

 

President Donald Trump dismissed the EU’s proposal for a “zero-for-zero” tariff deal on industrial goods, calling the bloc a trade monopoly “formed to damage the U.S.” and vowing to eliminate America’s $350bn deficit through energy exports.

 

Key Developments:

  • Rejection: Trump called the EU’s offer insufficient, claiming the bloc imposes “designed” safety standards (e.g., bowling ball car tests) to block U.S. imports.

  • Energy Leverage: “They’ll buy our energy—$350bn deficit vanishes in a week,” Trump said alongside Israel’s Benjamin Netanyahu.

  • EU Pushback: Brussels disputes the $350bn figure and prepares 25% retaliatory tariffs on U.S. steel/aluminum, set for a Wednesday vote.

 

Why It Matters:
The collapse of negotiations risks escalating the transatlantic trade war, with EU officials warning of “extremely aggressive” countermeasures if talks fail. Trump’s focus on energy exports—a sector Europe has historically resisted—reflects a hardline strategy to rebalance trade through unilateral demands.

 

Trade War Timeline:

  • February 2025: EU first proposes “zero-for-zero” deal for cars/industrial goods.

  • April 7: Von der Leyen renews offer, warns of countermeasures.

  • April 9: Trump’s 20% EU tariffs take effect; retaliatory duties begin April 15.

  •  

Trump’s Grievances:

  • Car Standards: Mocked EU safety tests as “rules designed so you can’t sell U.S. products.”

  • Trade Deficit: Repeatedly cited $350bn gap (disputed by EU economists).

  • EU Structure: Claimed bloc was “formed as a unified force against U.S. trade.”

 

What’s Next:

  • April 10: EU finalizes first tariff tranche targeting $4bn in U.S. goods.

  • Energy Gambit: U.S. pushes LNG exports to replace Russian gas, testing EU unity.

  • Market Fallout: Global stocks remain volatile as tariff deadlines loom.

 

 

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08.04.2025

 

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Posted
On 4/8/2025 at 2:46 PM, CharlieH said:

$350bn deficit vanishes in a week

Everyone write this in your diaries as an aide memoire.

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Posted
32 minutes ago, johng said:

 

Sorry you lost your job  hope you find a new one soon.

Direct your sorrow to these fine people

 

In the last two months, DOGE's actions have led to the announcement of around 280,253 planned layoffs across 27 federal agencies and contractors, pushing layoff announcements to their third-highest level ever. 

Posted
3 minutes ago, placeholder said:

Have you forgotten that it was the Germans who shut them down?

Nope,  the question is who blew them up ???  and are the Germans (government) now regretting that they stayed silent  even though I believe they know who did it and why.

The pipeline was ready to open  just needed a pump sent from Germany which could not be sent due to sanctions ( I think) anyway before the explosions  it was rumoured that Germany  was going to lift the energy sanctions against Russia as their manufacturing industry was in desperate need of cheap energy...still is.

 

Or are you suggesting the Germans blew up the pipelines  ??  makes about as much sense as the Russians doing it I suppose.

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