Speaking at the Davos Summit, Ursula von der Leyen emphasided the EU's dedication to the Paris climate agreement and urged international cooperation, despite Trump’s decision to withdraw. View on euro

DAVOS, Switzerland - The European Union wants to engage and negotiate with U.S. President Donald Trump, European Commission President Ursula von der Leyen said on Tuesday, warning of the risk of a \"global race to the bottom\" using tools such as tariffs.

Europe has entered a new era of harsh geostrategic competition and will have to work together to avoid a global race to the bottom, European Commission President

European Commission President Ursula von der Leyen warned on Tuesday of the risk of a 'global race to the bottom' using economic tools such as sanctions, export controls and tariffs.