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News Review from The World Web Times

Vets could be made to publish prices after UK watchdog investigation


Market ‘not fit’ for purpose and must be modernised, CMA says, with pet owners paying 16.6% more at large groups

Vets in the UK could be forced to publish their prices and whether they are part of a larger group after an investigation by the markets watchdog into claims chain-owned surgeries have left pet owners with dwindling choice and higher bills.

The Competition and Markets Authority (CMA) found pet owners pay 16.6% more on average at large vet groups than at independent vets and called for a market that is “not fit” for purpose to be modernised.

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New York health officials confirm state’s first locally acquired case of chikungunya virus


A person living in New York tested positive for the mosquito-borne chikungunya virus in the first reported transmission within the US in six years, officials said on Tuesday.

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News Review from The World Web Times

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Trump’s tariffs could raise costs for Belgian exports to the US by 4 billion euros


Belgian exports to the United States could become 4 billion euros more expensive because of President Donald Trump’s import tariffs, reports 24brussels.

For the first time, the Federal Public Service Economy has assessed the financial impact of Trump’s tariffs on Belgian exports to the US. In 2024, before Trump began his second term, these exports totaled 27.4 billion euros. In the previous year, US importers paid approximately 258 million euros in tariffs for products sourced from Belgium.

17 times higher

The agency estimated that by October 1, 2025, the tariffs might range between 4.17 billion and 4.38 billion euros, based on the prevailing rates. This forecast assumes that trade volumes remain consistent with those of 2024, suggesting that the cost for Belgian exporters could be as much as 17 times higher than in the previous year.

US customers foot the bill

The pharmaceutical sector is projected to be the most significantly impacted by these US import tariffs. The reported export value of pharmaceutical products from Belgium to the US reached 15.24 billion euros in 2024, contributing to over half of the country’s total exports. The expected tariffs for this sector could escalate from 300,000 euros last year to approximately 2.29 billion euros in the coming year.

US consumers are anticipated to face the heaviest financial burden due to these tariffs. Goldman Sachs economists indicated in a recent note that about 55 percent of the tariff costs will likely be assumed by American consumers, as outlined in a Bloomberg report.

Port of Antwerp © BELGA PHOTO YORICK JANSENS

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