The European Union is open to discussing purchases of energy and arms from the United States to ward off tariffs that President Donald Trump has threatened to impose on the bloc, EU's top economy official said on Thursday.

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

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

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 warned on Tuesday of the risk of a 'global race to the bottom' using economic tools such as sanctions, export controls and tariffs. Speaking at the World Economic Forum's annual meeting a day after the inauguration of U.

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.

Ukraine's President Volodymyr Zelenskyy combed the corridors, meeting with leaders such as Israeli President Isaac Herzog and Vietnamese President Luong Cuong, as well as German opposition leader and would-be chancellor Friedrich Merz in an effort to stir up support for Ukraine's fight against Russia.

Spain’s Prime Minister Pedro Sanchez said the EU should put an end to anonymity of users in social media platforms and hold their CEOs personally accountable if they fail to comply with the bloc’s regulations.

President Donald Trump has once again threatened the EU with duties, and European leaders are vowing to respond in kind.

Prime Minister Nikol Pashinian indicated on Thursday that his government will press ahead with plans to seek Armenia’s membership in the European Union despite serious warnings from Russia.

Business Insider's diary takes you behind the scenes on day three of the World Economic Forum in Davos.