Hungary seeks economic pact with US amid tariff concerns

Hungary's Prime Minister Viktor Orbán is working on an economic cooperation package with the United States to protect Hungary from potential tariffs imposed by the U.S. on European goods. This initiative comes in response to President Trump's announcement of a proposed 25% tariff on EU exports, which Orbán acknowledges could harm Hungary. The economic package aims to strengthen bilateral ties and safeguard Hungary's economy amidst fears of a trade war between the U.S. and the EU. Orbán emphasized the importance of reaching an agreement to mitigate potential losses and mentioned that discussions are underway to revive a tax treaty previously terminated by the U.S. The Hungarian government is particularly concerned about the impact on its industrial sector, notably the reliance on Germany's automotive industry. Experts warn that the proposed tariffs could disrupt supply chains and slow economic growth across Central and Eastern Europe.