Homepage / Currency / Stop bashing Trump, Hungary's foreign minister tells Europe
test Users535352253 Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review How to Conduct a Virtual Data Room Review

Currency, United States Finance

Stop bashing Trump, Hungary's foreign minister tells Europe

Criticizing the U.S. will only backfire on European countries, according to Hungary’s foreign minister, who stressed the need for the EU to stop “bashing” the current administration.

Speaking to CNBC in Paris Thursday, Foreign Affairs and Trade Minister Peter Szijjarto described positive engagement as the only way to avoid economic pain brought on by trade tariffs.

“I always urge our friends in the European Union not to play this new sport art which is created which is called bashing (the) United States, you know, because the more our European friends bash the U.S., the more negative impact they will cause with that,” he said.

The Donald Trump administration on Thursday announced that the EU, Canada and Mexico would no longer be exempt from sweeping metals tariffs that impose 25 percent and 10 percent duties on steel and aluminum imports, respectively. EU leaders expressed staunch opposition for the move, and plan retaliatory measures on American goods.

Trump reportedly also has plans to restrict German luxury car imports to the U.S., a prospect that scares the Hungarian minister. The central European country has enjoyed robust investment inflows thanks to its large manufacturing base, particularly in the autos sector, for whom Germany is its biggest export market. The U.S. is Hungary’s largest trading partner outside the EU.

“Now you can imagine a position of an export-oriented country when the number one export market and the number one non-EU export market go into a trade war,” Szijjarto said, speaking from the sidelines of the annual Organization for Economic Cooperation and Development (OECD) forum. “It can be very, very harmful for us.”

Trade issues aside, Hungary’s current government represents a rare source of enthusiasm for the Trump administration within the EU. Its nationalist leader Viktor Orban, re-elected to a third term as prime minister in April, has claimed that “liberal democracy” is over, successfully tapping into voter discontent over issues like migration, border security and traditional family values.

Orban’s critics warn that his populist policies threaten minorities, civil liberties and the rule of law. In light of what many rights groups identify as creeping authoritarian tendencies, the EU has proposed measures that would cut funding to member states whose policies don’t uphold democratic values. Hungary’s government has vocally denied the negative allegations, accusing EU leaders of unfair bias.

Szijjarto described a recent meeting in Washington, during which he told Secretary of State Mike Pompeo “we have never been part of the of the U.S. bashing chorus in Europe.”

“(Trump) definitely represents an honest, straightforward way of communication,” Szijjarto said. “He definitely gets rid of hypocrisy and political correctness, but I think the bashing of him and the United States was too much. So what I think is that we need to re-engage in a dialogue with the United States. We should foster, strengthen this dialogue in order to avoid harmful situations.”

Many European leaders have struggled with Trump’s unpredictable “America-first” policies, torn between confrontation and appeasement as a means of dealing with the world’s largest economy.

While opposing the EU’s often vocal criticism of Trump’s policies, the minister weighed in on the metals tariffs decision in a more muted tone, telling CNBC that “all restrictive measures that constrain international trade are detrimental for Hungary.”

He stressed that if the European economy is harmed, so too is the Hungarian economy as 79 percent of the country’s exports go to the EU.

But the Orban and Trump governments share a common disdain for what they deem to be the political establishment, and both have garnered subtle and overt disapproval from the same EU leaders.

“I’m really fed up with the comments that are always being put on decisions of the Hungarian government without knowing anything about the facts,” the minister added. “And sometimes I feel that this is not only done to us but done to others.”

Source: cnbc
Stop bashing Trump, Hungary's foreign minister tells Europe

Comments are closed.