Hungary and the United States will agree on an economic co-operation package that will help the Hungarian economy and could offset the effect of possible US tariffs, Prime Minister Viktor Orban said yesterday.
Orban, a long-time supporter of US President Donald Trump, said that the economic package would expand on the already existing political alliance between Hungary and the US.
The Hungarian PM said that such an economic agreement would help Hungary even if a trade war between the US and the European Union breaks out.
US President Donald Trump said last week that his administration would soon announce a 25 per cent tariff on goods from the EU, which the Republican leader said had been created to “screw” the United States.
“Hungary will suffer losses [in a trade war], just like all European Union member states. We do not yet know its extent, but we can be sure that it will happen,” Orban said at the annual conference of the Hungarian Chamber of Commerce and Industry.
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