He stated that Budapest and Washington will agree on an economical cooperation package to aid Hungary reduce the impact of possible US duties on the EU and the US-Community trade war.
The politician said that negotiations are presently underway to return to the US taxation agreement, which was denounced by the erstwhile administration of Joe Biden in connection with Budapest's opposition to the introduction of a global minimum tax.
Orban warns. ‘Hungary will endure losses’
In late February, U.S. president Donald Trump announced that his administration would shortly announce a 25% work on EU products. According to the Republican, the Community is to "use" the United States.
— Hungary will endure losses (in a possible trade war – PAP) as will all EU associate States. We do not yet know their scope, but we can be certain that this will happen – Orban warned, who is 1 of Trump's closest allies in Europe.
The Prime Minister besides stressed that Hungary should keep "economic neutrality", which means good relations with all, including China and Russia. “We cannot end up in a situation in which the EU, an isolated player in the economy, has assessed policies.
In mid-February, the chief economist of the ING Hungary bank Peter Virovacz estimated in an interview with PAP that good relations between Orban and Trump would not aid Hungary avoid the effects of a possible trade war between the US and the EU.
