The two will discuss issues including the hostage crisis, finishing the war in Gaza, and tariffs that were recently imposed by the Trump administration on Israel.
Trump said that he spoke with Netanyahu, adding that Netanyahu may visit the US next week.
Gulyás said that the government will initiate the withdrawal procedure on Thursday.
Hungary emphasized that Netanyahu would not be arrested during his visit despite the International Criminal Court's existing arrest warrant against him.
Netanyahu is due to meet Orban ahead of a press conference at around 1000 GMT.
The effort to create scholarship on antisemitism within the academy today is essential for the continued flourishing of Jewish communities.
Orban said he would guarantee that Netanyahu's recent ICC arrest warrant would "not be observed."
Thousands of individuals—many of whom wore far-right insignia and Nazi uniforms—participated in a 'memorial hike' from Buda Castle.
Hungarian Prime Minister Viktor Orbán has announced heightened security measures and ongoing investigations following the series of bomb threats that disrupted schools across Hungary.
The nationalist premier, a long-time Trump supporter, envisages a "golden era" for relations between the US and EU member state Hungary under Trump's presidency.
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