this post was submitted on 07 Apr 2025
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Summary

EU Commission President Ursula von der Leyen offered a “zero-for-zero” deal to eliminate all industrial tariffs with the U.S., following Trump’s 20% tariff hike on EU goods.

The offer revives a proposal from a decade ago that was nearly finalized under the TTIP — the Transatlantic Trade and Investment Partnership — that was ultimately scuppered by Trump in his first term.

The deal would cover cars, chemicals, and other industrial goods. Trump's tariffs have rattled global markets, with EU stocks seeing their steepest drop since COVID-19.

The EU warned it is also ready with countermeasures if negotiations fail.

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[–] [email protected] 18 points 9 hours ago (2 children)
[–] [email protected] 31 points 9 hours ago* (last edited 8 hours ago) (1 children)

Why is that embarrassing? Trump offers trade war, EUs counterproposal is tread deal. Much better to all involved... and also Trump most likely won't agree.

[–] [email protected] 41 points 8 hours ago

This isn't caving. This is the deal they originally wanted, before Trump intervened in his first term. Trump will refuse, and then the EU can say "I thought you wanted fair trade" before retaliating. Maybe it's embarrassing for the US.

[–] [email protected] 20 points 9 hours ago (3 children)

I wouldn't be so categorical. Negotiation require some level of flexibility.

If the Americans fail to act in a good faith manner, you can always implement reciprocal tariffs later on.

[–] [email protected] 13 points 8 hours ago

That's the thing. They're not saying they're stopping the retaliatory tariffs. They're still going to implement them, but they're giving Trump an out (which he won't take)

[–] [email protected] 11 points 9 hours ago

Yep this will make Trump look like an even bigger idiot, because he wont agree. So not a bad move at all probably.

[–] [email protected] 6 points 9 hours ago (1 children)

Americans already failed to act in a good faith by applying tariffs without negotiations or anything. What EU is doing right now is caving to Orange bully instead of standing up. As we always do.

[–] [email protected] 6 points 8 hours ago (1 children)

While I am rather sceptical of EU's negotiation approach (I am from Ukraine so I have real life experience with Merkel and russia), with this particular case I think it makes sense to give it just but more time.

[–] [email protected] 1 points 4 hours ago

Since you're from Ukraine then you certainly also think that we shall give Putin more time, right? :-) You freaking don't turn the other cheek to bullies, it doesn't work, except it encourages them to do more of the same... 🤷‍♂️