President Trump doubled down on the prospect of across-the-board tariffs in a video appearance to business executives and politicians gathered in Davos, Switzerland.

Von der Leyen insisted that the United States remains an important partner, taking a conciliatory tone in a speech to the annual meeting of global elites in Davos, Switzerland. The EU's "first priority will be to engage early, discuss common interests, and be ready to negotiate" with Trump, she said.

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

US President Donald Trump stages a virtual appearance Thursday at the World Economic Forum in Davos, Switzerland, where he will deliver his first major speech, via video link, to global business

Officials and business executives at the annual gathering in Switzerland said the fight against global climate change would continue with or without the United States.

Teresa Ribera, the European Commission's executive vice president for clean, just and competitive transition, discusses European competitiveness at the World Economic Forum in Davos.

“Rachel Reeves is thinking the right way but she’s in a difficult position,” said a senior UK bank executive in Davos . “Labour in the UK have made a lot of good decisions but it is very hard for them and the [bond market] challenges of last week reinforce that issue.”

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.

The World Economic Forum, colloquially called "Davos" after the location at which it's hosted in the Swiss mountains, is a yearly meeting of elites.

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.

But with Trump preparing to rip up federal regulation and rethink the parameters of government action, the EU’s moves look altogether more tentative. “The engagement is not to deregulate, but to simplify,

At the World Economic Forum in Davos, business and government leaders react to Trump's return to office. Yahoo Finance Senior Reporter Jennifer Schonberger reports from Davos to describe JPMorgan's (JPM) optimism for a pro-business environment under President Donald Trump despite concerns over trade.