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 Paris Agreement continues to be the best hope for all humanity. So Europe will stay the course, and keep working with all nations that want to protect nature and stop global warming,” the European Union’s top executive said in a speech at the World Economic Forum in Davos.

European Commission President Ursula von der Leyen at the World Economic Forum (WEF). Photo: VCG. In a speech delivered on Tuesday at the World Economic Forum (WEF), European Comm

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 Commission chief did not explicitly mention the new US president or his trade policies, but underscored the number of American jobs tied to European trade.

European Commission President Ursula von der Leyen warned of a 'global race to the bottom' using economic tools like sanctions and tariffs. She emphasized the need for innovation and cooperation to maintain global economic bonds,

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.