Hungary and US to Agree on Economic Cooperation Package, PM Orban Says
The Hungarian government has reached a deal with the United States to agree on an economic cooperation package that will help the Hungarian economy and potentially offset the impact of U.S. tariffs. The agreement is expected to provide compensation both in monetary and real economic terms to Hungary, helping the country mitigate losses caused by potential trade wars with the European Union. This move aims to strengthen bilateral relations between Hungary and the United States.
- By expanding its economic ties with Hungary, the U.S. may be attempting to counterbalance the influence of other European countries that have historically been at odds with Washington over issues like migration policy and EU integration.
- Will this new economic cooperation package also extend to addressing Hungary's pressing concerns about corruption and rule of law, which have been a source of tension in relations between Budapest and Brussels?