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.

EU, German and Chinese leaders took turns defending global cooperation in Davos on Tuesday as the spectre of new trade wars looms following Donald Trump's return to the White House.

Ukrainian president calls on European politicians to “be more than just bystanders” who are “reduced to posting on X after an agreement has already been made.”

Ukraine’s President Zelenskyy asked whether the US saw NATO as being necessary as he addressed the World Economic Forum in Davos. Leaders from China, Ukraine and Germany have taken the stage on day one.

US President Donald Trump pledged Tuesday to hit the European Union with tariffs, adding that a 10 percent duty on Chinese imports could also come as soon as February 1.

Germany's conservative opposition leader Friedrich Merz, frontrunner in polls to become the next chancellor, on Tuesday urged a united European stance in talks with US President Donald Trump.

Europe’s competitiveness and unity were in focus at a Euronews Executive Lunch in Davos, as the new Trump administration begins its term. #EuropeNews

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

The two leaders did, however, find common ground in opposing Ukraine's accession to NATO, with both claiming that such a move would likely trigger "a direct confrontation with Russia" or even "World War III".

Malaysia's sovereign wealth fund Khazanah Nasional Bhd is rebalancing its portfolio to invest more in developed markets, with an eye on managing expected risks from the new Donald Trump presidency in the U.

EU chief Ursula von der Leyen declared on Tuesday (Jan 21) that Europe was ready to negotiate with the United States and seek to improve ties with China as Beijing warned against damaging trade wars in the face of Donald Trump's protectionism.