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’.
“’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.”
He said there’s a good chance of reaching an agreement with Washington and that the objective of the agreement would be to restrict or negate the effect of a US-EU trade war in the Hungarian economy.
“Other elements of the agreement will help Hungary to ‘offset, at a national economic level, the losses caused by U.S. tariffs imposed on Europe and will provide compensation both in monetary and real economic terms’.”
But the close ties between Budapest and DC may become even closer, as now arise what we may call rumors – but has been reported in the UK media like The Telegraph, Evening Standard and GB News – that Trump would be considering stationing US troops in allied Hungary rather than other hostile, warmongering countries.
“Donald Trump is reportedly weighing whether to withdraw around 35,000 US troops from Germany and redeploying them to Eastern Europe.
The US President is considering redeploying the Americans soldiers to Hungary, which has close ties with Russia, The Telegraph reported.
‘Trump is angry that they [Europe] appear to be pushing for war’, a source close to the White House told The Telegraph.”
Read more:
The post 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 appeared first on The Gateway Pundit.