in World News Orbán Says Budapest and Washington Set To Agree on an Economic Cooperation Package To Offset Heavy Tariffs
Reports Claim Trump May Move Troops From Germany to Hungary
All of Europe is bustling with government officials and diplomats trying to figure out how to economically survive what Hungarian Prime Minister Viktor Orbán has called ‘the Trump tornado.’
The conservative champion Orbán, a long-time ally of Donald J. Trump, has no illusions: he knows his country is bound to get hit in the tariff war crossfire between the US and the EU.
But like an ally, he makes no grandstanding gestures, but discreetly negotiates the best achievable way to overcome these economic woes.
Yesterday, in the Hungarian Chamber of Commerce and Industry, Orbán stated that his country and the United States will agree on an ‘economic cooperation package’ to help the Hungarian economy and offset the effect of U.S. tariffs.
Reuters reported:
“Orban, a long-time supporter of U.S. President Donald Trump, said that the economic package would expand on the already existing political alliance between Hungary and the United States.
The Hungarian PM said that such an economic agreement would help Hungary even if a trade war between the U.S. and the European Union breaks out.”
The US administration is about to announce a 25% tariff on goods from the EU, an entity that Trump said ‘was created to screw the United States’, and that Orbán has called ‘a contemporary parody of the Soviet Union’.