Brussels, Belgium – belgian Minister of Economy David Clarinval warned of potential retaliatory measures if former U.S.president Donald Trump implements a proposed 100% tariff on pharmaceuticals imported from Belgium,a significant escalation from a previously agreed-upon 15% rate. Clarinval, speaking to La Libre Belgique, emphasized the importance of upholding existing trade agreements.
“An agreement has been concluded, it must be respected. If Trump decides to switch to 100 % as he does for other countries, we will have to renegotiate, and this time, we will have to show the teeth,” Clarinval stated. “It is out of the question to accept such a questioning of an agreement in a sector as strategic as that of drugs.”
The comments come amid broader concerns about potential trade disruptions should Trump win the upcoming U.S. presidential election. Clarinval advocated for a firm but balanced approach to trade, urging strength against unfair practices while remaining open to partners committed to fair competition. “We must be firm with those who are not correct vis-à-vis us and who use the market for little loyal purposes. But in parallel, we must remain open with the regions of the world which respect loyal competition. You have to stay open, but not naive,” he said.
Separately, Clarinval highlighted the Belgian government’s significant investment in the defense sector, aiming to maximize economic benefits for the country. He stated that the government is working with Federal Minister of Defense Theo Francken to establish a framework ensuring a considerable portion of defense funds are reinvested into the Belgian economy. Agoria, a belgian industry federation, estimates this initiative will create 8,000 new jobs within the sector.
