Hungary government to draw up plans to protect jobs after US-EU trade deal

FILE PHOTO: A general view of the Hungarian parliament in Budapest, Hungary, May 20, 2025. REUTERS/Marton Monus/File Photo

BUDAPEST (Reuters) -Hungary's government will draw up plans to protect the country's jobs and manufacturing after the trade deal between the United States and the European Union, Prime Minister Viktor Orban told public radio on Friday.

The U.S. and the EU announced a trade agreement on Sunday setting a 15% tariff on the bloc's exports to the United States. The levy includes cars, a mainstay of central European exports, which previously incurred a tariff of 2.5%.