Trump’s tariffs challenge Hungary’s Orban and European far-right

Reuters

Hungarian Prime Minister Viktor Orban faces political challenges as U.S. tariffs threaten Hungary's economy. With opposition parties gaining momentum ahead of the 2024 elections, critics argue for a Europe-focused approach, criticizing Orban’s ties with Trump and his economic handling.

Hungarian Prime Minister Viktor Orban, once optimistic about Trump's presidency, now faces political turmoil as U.S. tariffs threaten Hungary's economy. The tariffs have put pressure on Hungary's economy, which relies heavily on trade, especially in the auto industry. Orban’s close ties with Trump, once seen as an advantage, now complicate his political standing as the opposition grows stronger.

Ahead of Hungary's 2024 elections, opposition parties have gained momentum, criticizing Orban's economic policies and his support for Trump’s protectionist measures. The far-right's support across Europe, including Orban, has been tempered by the economic challenges posed by the tariffs. While Orban tries to negotiate a deal with the U.S. to offset the economic impact, critics argue Hungary should focus on strengthening ties with Europe instead.

As Hungary’s economic situation worsens, the political landscape is shifting. Opposition leaders, including Peter Magyar, have criticized Orban's leadership and his handling of inflation, which has reached record highs. The opposition is now gaining ground, positioning themselves as champions of a more Europe-focused policy in response to the economic challenges and the fallout from Trump’s tariffs.

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