Péter Szijjártó, Minister of Foreign Affairs and Trade, said Hungary's government will vote against the European Union's retaliatory tariffs on American goods.
During a break at a cabinet meeting on Wednesday, Minister Szijjártó said the retaliatory tariffs would result in significant price rises. Instead, there ought to be negotiations on reducing burdens, he added.
He pointed to the need for "strategic calm" amid the uncertainty surrounding the impact of tariffs announced by the United States.
He said the EU could have avoided the situation, but now the most important thing was "to prevent Brussels from making the situation worse" with retaliatory tariffs.
Those tariffs could result in price rises in Hungary, for products such as contact lenses, cosmetics or plastic tubing used in the building industry, that add up to HUF 18bn, he added.