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FM: US-China Trade Agreement 'Fantastic News' for Hungary

• 30 Oct 2025 1:27 PM

The new agreement between US President Donald Trump and Chinese President Xi Jinping on trade matters is "fantastic news for the Hungarian economy", Peter Szijjarto, the minister of foreign affairs and trade, said on Facebook on Thursday.

Hungary’s interests lie in the global economy operating on the basis of rules, common sense and mutual respect, Szijjarto said, arguing that the country would be worse off in a global economy that was divided into blocs.

"The United States and China are Hungary’s two most important investors and trading partners outside the European Union, so if those countries reach an agreement on economic and trade cooperation, that is good news for us," the minister said.

"Investments from and trade with the two countries are an important source for the development of the Hungarian economy," Szijjarto added.
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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