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 Ursula von der Leyen said on Tuesday at the World Economic Forum in Davos.

The European Union is working on a proposal for bloc-wide purchase incentives for electric vehicles to support the bloc’s struggling automakers, German Chancellor Olaf Scholz said Tuesday.

Valdis Dombrovskis, the commissioner for economy at the European Commission, discusses European economic policy and EU-U.S. relations at the World Economic Forum in Davos.

The European Union is keen to partner with countries around the world and is “open for business,” European Commission chief Ursula von der Leyen said Tuesday.

Follow The Hindu’s updates of Day 3 of the World Economic Forum 2025, in Davos, Switzerland, on January 22, 2025

European Commission President Ursula von der Leyen emphasized the need to break down barriers in the EU's energy sector at the World Economic Forum. Her statement highlighted the importance of investing in next-gen clean energy technologies and diversifying energy supplies.

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.

Mr Merz argued the need “to negotiate with the American side from a position of strength”. Read more at straitstimes.com.

Europe is ready to respond in a "proportionate way" if U.S. President Donald Trump imposes any tariffs, Valdis Dombrovskis, EU commissioner for economy and productivity, told CNBC in an interview on the sidelines of the World Economic Forum in Davos,

A trade war is not in the interest [of either party] neither for the U.S., neither for the European Union,” Pedro Sanchez said.