Confident that his right-wing populist policies would help win him favor with Trump’s administration, Orbán said in an interview in April that while tariffs “will be a disadvantage,” his government was negotiating “other economic agreements and issues that will offset them.”

Trump’s proposed 15% ‘universal tariff’ could cost American households an extra $2,400 a year, raising consumer prices and shaking the economy as a key deadline nears.

A slew of countries will face steep levies, including a 50% tariff on imports from Brazil and a 30% tariff on the European Union.

Following a White House meeting with Philippine President Ferdinand R. Marcos Jr., President Donald Trump says he's reached a trade agreement