Speaking at the World Economic Forum in Davos while the US president prepares to press ahead with his protectionist agenda, the head of the EU executive said the bloc could no longer rely on the approach that has sustained it this century. It has relied on cheap energy from Russia, and Europe has too often outsourced its security.
Instead we have entered a new era of harsh geostrategic competition … We will need to work together to avoid a global race to the bottom. Von der Leyen said the commission would shortly publish new proposals in three areas — responding to the report it commissioned from the former European Central Bank president Mario Draghi last year about how to increase productivity and growth.
We play by the rules. Our deals have no strings attached. Trump has already signed an executive order signalling US withdrawal from the treaty.
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