President Donald Trump has given everyone at Davos something to talk about with his actions on the first day of his second term

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.

Europe will respond to any tariffs imposed by President Donald Trump in a proportionate way, the European Union’s commissioner for the economy told CNBC Wednesday.

The world's political and business leaders have converged on the Swiss resort town of Davos to discuss global challenges. Leaders from China, Ukraine and Germany are taking the stage on day one. Follow DW for more.

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

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.

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.

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.

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.

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