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.

The Commission's 'Action Plan on Affordable energy' is slated for 26 February, and von der Leyen has charged her Energy Commissioner Dan Jørgensen with updating the governance rules which set out how EU countries collectively manage the bloc's power grid.

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DAVOS, Switzerland (Reuters) - 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.

Von der Leyen, who won a second term at the head of the Commission last July, said Europe needed to step up efforts to become more competitive and boost integration in its capital markets. She met company CEOs who were in Davos on Tuesday.

European Commission President Ursula von der Leyen warned on Tuesday of an escalating economic conflict with the new US administration under Donald Trump. "No other economies in the world are as integrated as we are,