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Hungarian Government Teams up with Biggest Exporters to US: What Are the Plans?

The government is setting up a working group with ten strategic partner companies to counter the negative consequences of the tariff agreement between the United States and the European Union, Minister of Foreign Affairs and Trade Péter Szijjártó said in a statement issued by his ministry on Friday. After talks with representatives of Audi, BMW, Mercedes, Richter, Samsung SDI, SK On, CATL, Bosch, Denso and GE, Szijjártó said the working group wo…

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In light of the failed customs agreement from a European perspective, the closest possible cooperation with strategic partner companies is needed in order to protect jobs in Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó said in Budapest on Friday, according to the ministry.

·Budapest, Hungary
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The Minister of Foreign Affairs and Trade spoke about the creation of an action plan for the protection of industry and jobs.

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Hungary's Minister of Foreign Affairs and Trade, Péter Szijjártó, announced in a Facebook video on Friday evening that he had held consultations with representatives of the ten companies that export the most from Hungary to the United States during the day. A working group will be established with market participants, whose task is to mitigate the negative economic effects of the customs measures between the EU and the United States.

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Portfolio.hu broke the news in on Friday, August 1, 2025.
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