Hungary hails great meeting between US, China
(MENAFN) Hungary welcomed the meeting between US President Donald Trump and Chinese President Xi Jinping, calling it “successful” and beneficial for the Hungarian economy. The agreement addressed trade issues, including tariffs and rare earth exports.
Hungary favors a global economy based on rules, common sense, and mutual respect rather than rival blocs. The US and China are Hungary’s most important non-EU trade and investment partners.
US exports to Hungary reached $279 million in July 2025, up 6.15% from the previous year. Hungary has received 44% of China’s European investments over the past year.
The US will ease tariffs on Chinese goods, cutting fentanyl-related tariffs from 20% to 10% and reducing overall US tariffs on China from 57% to 47%. China agreed to resume US soybean purchases and lift rare earth export restrictions.
Stronger US-China cooperation is expected to support Hungary’s growth and global economic stability.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
