Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BUDAPEST, Aug. 22 (Xinhua) — Hungarian Foreign Affairs and Trade Minister Peter Szijjarto on Thursday criticized the trade deal between the European Union (EU) and the United States, saying it benefits Washington rather than the EU after details of the deal were made public.
Earlier on Thursday, the EU and the US unveiled details of a trade framework agreement, setting tariff caps but excluding key sectors such as wine and digital rules.
According to the joint statement, the US will impose a maximum comprehensive tariff of 15% on most EU exports, including cars, pharmaceuticals, semiconductors and lumber.
In turn, the EU will eliminate tariffs on all US industrial goods and expand market access for US seafood and agricultural products.
P. Szijjarto wrote on Facebook that the deal is “good for the United States and bad for Europe,” noting that the Hungarian government will continue to consult with strategic partner companies on issues of industry and job protection. –0–
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