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Trump’s tariffs will postpone expansions in automotive, battery sectors in Hungary
Senior analysts believe President Trump’s tariffs will postpone the start and volume increase of large investments in Hungary’s industrial sector, especially in the automotive and battery segments. That is the consequence of the fact that Hungary’s economony is very dependent on the German automotive sector hit hard by the new tariffs.
As a result, the new automotive and battery plants will start production or production volume increase only in 2026 or later, g7.hu suggests in an article. That comes after KSH‘s latest Hungarian February industry data.
Output of Hungary’s industrial sector fell 8.7pc in February, a first reading of data released by the Central Statistics Office (KSH) on Friday shows.
Output dropped 8.0pc when adjusted for the number of workdays. KSH said production volume decreased in all manufacturing branches compared to the same month of the previous year. Output of the vehicle manufacturing and the electric equipment segment declined significantly. The decline was more moderate in the computer, electronics and optical equipment segment and the food, drink and tobacco segment.
In a month-on-month comparison, output slipped a seasonally- and workday-adjusted 1.3pc. KSH will release detailed data on output of industrial sector branches for the month on April 11. Commenting on the fresh data, the National Economy Ministry said domestic economic trends are developing favourably, but industrial performance is being held back by weak external demand.
Ministry points on Germany
The ministry said the European Union’s competitiveness problems and the two-year recession in Germany, Hungary’s most important economic partner, are holding back exports and industrial output. The negative effects through supply chains are particularly affecting the automotive and mechanical engineering industries in Hungary.
In addition to the recovery of external markets, big investments by CATL, BYD, BMW, SEMCORP and EcoPro in the pipeline could give new impetus to Hungary’s industrial sector, the ministry said.
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Hungarians do you now feel like the fools of the EU after your prime minister worked so hard to promote Donald Trump to win the US presidency? Where is your “Golden Age”? Trump’s global trade war is going to bring us a global recession unless he backs down very soon and his fragile ego cannot accept admitting that he made the biggest policy mistake of any US government in 95 years since the Smoot-Hawley tariffs brought on the Great Depression. Trump’s chaotic trade actions have brought total uncertainty to business investment and have ended all confidence in the US as a reliable partner. This has brought new investment to a halt bringing the world to an economic precipice.
But Mr. Trump LOVES Hungary! He talked about his BFF Mr. Orbán all the time! Surely he will make an exception for us? Our Politicians always stood by him! We deserve it! He owes us!
Transactionalism and “My Country First!” for you. Again. Be careful what you wish for …
The “shallowness” fabricated driven by PROPAGANDA that surrounded to Orban / Trump – “love” affair, is being played out as “learned” individual’s had predicted.
Orban and Varga – likewise – the “learned” rightly predicted the direction, the decisions that Orban & Varga “sent off” the Hungarian on, there Policies, would in ALL probability led to Hungary ending in a cataclysmic DISASTER.
Orban, in the functionality of his mind that is one of evidence suffering from dystopia, that just has PLUNDERED our country into an age of an “abyss” that the “nadir” of destruction Orban has caused is still -remains a HORRENDOUS questionable un-certainty.
“Right of Right is always Right” – a “creed” of Orban and look at what he has DELIVERED upon Hungary that is a “generational” going forward DISASTER on Hungary.
Orban, his Fidesz Government, the DEBT of the Government, inclusive of billions outstanding to the European Union, the interest charges on these Debts, that are the debts of every Hungarian individual is just APPALLING.
Orban, idiotically talking of “additional” government borrowings, that would be an EXTRA debt on Hungary, individual Hungarians in a country that we factually are – an aged “decreasing” population.
Orban, his Fidesz Government any thought of additional government BORROWINS besides being MORONIC – if this was to happen, it would be PERILOUS on Hungary.
Orban, his Fidesz Government have SHATTERED our Trust and Reputation in the European Union and N.A.T.O.
Orban, his Fidesz Government in the DISTILLATION of Democracy they have effected in Hungary, have SHATTERED our Trust & Respect in Europe in the European Union and in country’s Globally that are Governed under DEMOCRACY.
Orban – is KNOW talked about being ACCEPTED rightly as the “Judas” of DEMOCRACY.
Orban – his “Mate” – the tariffs factor, will BLUDGON deeper – the state of the Economy of Hungary driving a “DEEPER” nail into the Manufacturing Car Industry.
Germany have INVESTED heavily into the Car Manufacturing Industry in Hungary.
The “in-coming “Chancellor is BIG time rightfully “gunning” for Orban/Hungary – that if GERMANY are VICTORIOUS in “silencing” Orban – whatever the outcome from the GROWING erosion of the name Orban/Hungary in the European Union – I do expect from a “relationship” perspective and the “Mate” of Orbans “tariff” policies, that Hungary are in for SERIOUS TROUBLED times just alone looking at the Car Manufacturing Industry.
The “Big” picture of the present PRESSURIZED state of the componentry that makes up Industry and “other” in Hungary, of citizens employment = muchly on a “knife edge” at present, the OVERALL picture sooner than later paints an UGLY “scene” – and not one that looks to contain ANY great prospects for Hungary into the FUTURE.
Hungarians – we HAVE been be-trayed.
Hungarians – in SOLIDARITY we can make CHANGE which if we want and DESIRE a FUTURE starts with the Outing, the DOWNFALL of the Victor Orban and his Fidesz Government.
so no hungarian golden age? 😀 i still cant believe how Hungarians can be so naive to believe the words of Orban