Hungary to oppose EU ferro-alloy tariffs, warning of price increases

Hungary will formally oppose the European Commission's proposal to implement new tariffs on ferro-alloy imports, Foreign Minister Peter Szijjarto declared Friday. The Hungarian official argued that the planned duties would initiate another wave of price increases throughout European industrial sectors, since ferro-alloys represent essential raw materials for steel production and various strategic manufacturing processes.

Economic Impact Concerns

Minister Szijjarto articulated his government's position through social media, stating that "Brussels just cannot calm down" regarding new tariff initiatives. He emphasized that ferro-alloys serve as fundamental components across multiple industrial sectors, and imposing additional import duties would inevitably translate into higher production costs and consumer prices throughout the European economic landscape.

Diplomatic Coordination and Criticism

The foreign minister confirmed conducting telephone discussions with Norwegian Trade Minister Cecilie Myrseth to reinforce Hungary's opposition to the proposed measure. Szijjarto reiterated his view that "tariffs and sanctions have already caused enormous damage to the European economy," asserting that additional trade barriers would further undermine regional competitiveness and economic recovery efforts.

Broader Political Context

The Hungarian minister extended his criticism to the European Commission leadership, specifically targeting President Ursula von der Leyen by stating she and her administration are "unfit for their job" and that "it is time for a change in Brussels." The ferro-alloy tariff proposal is scheduled for discussion by EU member states later Friday, with Hungary positioning itself as a vocal opponent of the trade measure.