Headlines
Belgian PM calls a U.S.-EU trade war wealth-destroying madness
Published by Global Banking & Finance Review®
Posted on April 3, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on April 3, 2025
2 min readLast updated: January 24, 2026
Belgian PM Bart De Wever criticizes the U.S.-EU trade war as 'wealth-destroying madness' and calls for proportional countermeasures amid new U.S. tariffs.
BRUSSELS (Reuters) - Belgian Prime Minister Bart De Wever called a U.S.-EU trade war following the announcement of U.S. import tariffs "wealth-destroying protectionist madness" during a parliament session on Thursday, and said "stupidity should not be met with stupidity".
In a later interview with Belgian public broadcaster VRT, he added that while countermeasures are necessary, they should remain proportional.
Earlier on Thursday, the country's foreign minister said Belgium's economic growth will be hit by the U.S. import tariffs just at a time when Washington is demanding partners to step up defence spending.
"It will, one way or another, hit not only Belgian companies but also our citizens, partly due to a lesser economic growth... and that at a moment where the same United States demands an increase in defence spending," Maxime Prevot said in a statement.
U.S. President Donald Trump on Wednesday unveiled a 10% minimum tariff on most goods imported to the United States, with a higher 20% rate for the European Union, kicking into higher gear a global trade war that threatens to drive up inflation and stall U.S. and worldwide economic growth.
(Reporting by Benoit Van Overstraeten and Charlotte Van Campenhout; Editing by Bart Meijer and Bill Berkrot)
The main topic is the criticism by Belgian PM Bart De Wever of the U.S.-EU trade war and its potential economic impact.
The trade war could harm Belgian companies, slow economic growth, and increase inflation globally.
The Belgian PM suggested that while countermeasures are necessary, they should be proportional.
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