President Donald Trump urged Americans to not panick as he vowed to stay the course on his tariff policy.
He urged Americans to say “strong” and “courageous” earlier today in a post to Truth Social, saying:
This. Every last bit of this.
Don't be a TARIFFOBE.
Don't be a PANICAN.
Strap in. pic.twitter.com/LleVT19vpi
— Shawn Farash (@Shawn_Farash) April 7, 2025
And while the stock market and global markets are in proverbial chaos, Trump may be on the cusp of delivering on his promise as reports are coming out that a massive trade deal could happen in the coming days.
According to multiple outlets, European Union (EU) Commission President Ursula von der Leyen announced today that the bloc has offered a “zero-for-zero tariff” trade arrangement on industrial goods with the United States in a bid to avoid a full-on trade war.
While the EU chief remained critical the reciprocal tariff measures enacted by Trump to rectify the long-standing transatlantic trade imbalance, as pressure from the markets began to take shape, Von der Leyen and other top eurocrats expressed willingness to negotiate with the White House.
“We stand ready to negotiate with the US,” the EU president said. “We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners. Because Europe is always ready for a good deal. So we keep it on the table.”
Trump goal has been to get other global trade partners to the bargaining table, so this could be a major win in the near future.
However, despite the statement, she did not address other significant areas of concern expressed by the Trump administration, such as restrictions on American food imports or, perhaps more significantly, on EU tariffs against U.S. made automobiles, which currently stand at around four times the rate European cars are taxed when sent to the United States, according to reports.
Von der Leyen warned that Brussels is “prepared to respond through countermeasures and defend our interests if the trade dispute continues.” The EU chief said that Brussels will take a two-pronged approach towards the Trump tariffs, firstly by reducing internal barriers within the bloc — as opposed to reducing further barriers with the U.S. — and of “diversifying” Europe’s trading partners.
“This is why we are deepening our relations with our trading partners: You know the deals we have done with Mercosur, Mexico, Switzerland, and we are working with India, Thailand, Malaysia, Indonesia and many others. With that, we want to be very clear: Europe stands together for our businesses and with our businesses for all Europeans in the European Union and beyond,” she said.
Today Trump showed no signs of backing down on his tariff policy, posting another defiant statement Monday morning touting the administration’s successes.
“Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place.” —POTUS pic.twitter.com/LhoMgc6qMX
— The White House (@WhiteHouse) April 7, 2025
This is an on-going story. Check back for further updates.