Péter Szijjártó, Minister of Foreign Affairs and Trade, said Hungary welcomes the news that the United States and China have finalized a trade deal, adding that Brussels, however, now finds itself in a frustrating situation.
The agreement on a trade deal between the United States and China is "good news" for Hungary, Minister Szijjártó said on Facebook, noting that the two countries are Hungary’s biggest trading partners and investors outside the European Union.
"But this leaves Brussels in a frustrating situation: whereas the Americans and the Chinese have reached a deal, the EU has isolated itself from the key players of the global economy," the minister said.
"There is no tariff agreement with the United States, but they have introduced tariffs on China’s car industry and sanctions against Russia, sending European competitiveness into a steep decline," he added.
"Ursula von der Leyen’s European Commission has done more harm to the European economy than the introduction of any tariff," Minister Szijjártó said.