The Fort Worth Press - At Davos, EU vows pragmatism with Trump

USD -
AED 3.672975
AFN 70.498872
ALL 87.850125
AMD 388.079699
ANG 1.789679
AOA 916.999547
ARS 1124.935024
AUD 1.54046
AWG 1.8025
AZN 1.697557
BAM 1.760475
BBD 2.01821
BDT 121.44561
BGN 1.74424
BHD 0.376907
BIF 2936
BMD 1
BND 1.304667
BOB 6.906795
BRL 5.617296
BSD 0.999608
BTN 85.262414
BWP 13.645733
BYN 3.271208
BYR 19600
BZD 2.00784
CAD 1.390785
CDF 2871.000319
CHF 0.835415
CLF 0.024508
CLP 940.493978
CNY 7.20635
CNH 7.198635
COP 4211.75
CRC 507.95051
CUC 1
CUP 26.5
CVE 99.125042
CZK 22.172978
DJF 177.719994
DKK 6.63492
DOP 58.897745
DZD 133.17696
EGP 50.412015
ERN 15
ETB 133.131461
EUR 0.88953
FJD 2.257404
FKP 0.753148
GBP 0.74909
GEL 2.740331
GGP 0.753148
GHS 12.725014
GIP 0.753148
GMD 71.999524
GNF 8654.99957
GTQ 7.685314
GYD 209.123559
HKD 7.8007
HNL 25.770469
HRK 6.704098
HTG 130.691715
HUF 359.512948
IDR 16538.8
ILS 3.561605
IMP 0.753148
INR 85.327397
IQD 1310
IRR 42099.999426
ISK 129.607527
JEP 0.753148
JMD 159.24209
JOD 0.709402
JPY 146.137029
KES 129.250331
KGS 87.450285
KHR 4018.999937
KMF 440.499962
KPW 900.025486
KRW 1395.459739
KWD 0.30729
KYD 0.832966
KZT 508.08524
LAK 21619.999937
LBP 89549.999943
LKR 298.717314
LRD 199.624979
LSL 18.329777
LTL 2.95274
LVL 0.60489
LYD 5.514976
MAD 9.299562
MDL 17.472119
MGA 4485.000541
MKD 54.74912
MMK 2099.382878
MNT 3577.646594
MOP 8.02371
MRU 39.599353
MUR 46.150052
MVR 15.449605
MWK 1736.000123
MXN 19.35897
MYR 4.298022
MZN 63.909992
NAD 18.32983
NGN 1602.790603
NIO 36.775018
NOK 10.28677
NPR 136.415311
NZD 1.677726
OMR 0.385005
PAB 0.999577
PEN 3.66125
PGK 4.07275
PHP 55.782978
PKR 281.750307
PLN 3.776315
PYG 7982.465221
QAR 3.640497
RON 4.540305
RSD 105.514724
RUB 80.194272
RWF 1420
SAR 3.750567
SBD 8.36135
SCR 14.226593
SDG 600.497717
SEK 9.671045
SGD 1.297015
SHP 0.785843
SLE 22.749882
SLL 20969.500214
SOS 571.50348
SRD 36.494926
STD 20697.981008
SVC 8.746686
SYP 13001.704189
SZL 18.330085
THB 33.232029
TJS 10.365266
TMT 3.505
TND 3.022495
TOP 2.342099
TRY 38.77137
TTD 6.783414
TWD 30.184503
TZS 2695.494781
UAH 41.541044
UGX 3658.179822
UYU 41.748053
UZS 12935.000039
VES 92.946016
VND 25940
VUV 120.127784
WST 2.788568
XAF 590.436285
XAG 0.030481
XAU 0.000309
XCD 2.70255
XDR 0.734637
XOF 575.498432
XPF 107.149774
YER 244.449772
ZAR 18.21091
ZMK 9001.203875
ZMW 26.488498
ZWL 321.999592
  • CMSD

    -0.0300

    22.36

    -0.13%

  • GSK

    0.0600

    36.41

    +0.16%

  • CMSC

    0.0100

    22.07

    +0.05%

  • RBGPF

    0.8100

    63.81

    +1.27%

  • SCS

    -0.1300

    10.58

    -1.23%

  • NGG

    -0.1000

    67.43

    -0.15%

  • BTI

    -0.2450

    40.445

    -0.61%

  • RELX

    0.7500

    53.15

    +1.41%

  • RIO

    -0.0990

    62.171

    -0.16%

  • BCC

    -1.3050

    92.405

    -1.41%

  • RYCEF

    -0.0200

    10.68

    -0.19%

  • AZN

    -0.8400

    66.88

    -1.26%

  • JRI

    -0.0460

    12.834

    -0.36%

  • VOD

    -0.0100

    9.05

    -0.11%

  • BP

    -0.1950

    30.365

    -0.64%

  • BCE

    -0.6100

    21.37

    -2.85%

At Davos, EU vows pragmatism with Trump
At Davos, EU vows pragmatism with Trump / Photo: © AFP

At Davos, EU vows pragmatism with Trump

EU chief Ursula von der Leyen declared Tuesday that Europe was ready to negotiate with US President Donald Trump but the bloc will also seek to improve ties with China and other nations as global competition heats up.

Text size:

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.

"We will be pragmatic, but we will always stand by our principles. To protect our interests and uphold our values," she said.

Trump returned to the White House on Monday, bringing with him fears he will deliver on promises to slap heavy tariffs on China and US allies including Canada and the European Union.

After his inauguration, Trump said he may impose 25 percent tariffs on Canada and Mexico as early as February 1.

He also announced the United States' withdrawal from the Paris climate accord, which the European Commission president defended as the "best hope for all humanity" and vowed "Europe will stay the course".

China's Vice Premier Ding Xuexiang -- also a member of the Chinese Communist Party's apex of power that rules the country -- will speak immediately after von der Leyen.

The EU chief reiterated her commitment to free trade during her speech, pointing to recent deals with Switzerland, the Latin American bloc Mercosur and Mexico.

Von der Leyen also said she and Indian Prime Minister Narendra Modi wanted to "upgrade" their partnership.

She stressed that Europe "must engage constructively with China -– to find solutions in our mutual interest" despite escalating trade tensions between the two.

"2025 marks 50 years of our Union's diplomatic relations with China. I see it as an opportunity to engage and deepen our relationship with China, and where possible, even to expand our trade and investment ties," she said.

- China, Ukraine -

China is taking a cautious approach to Trump.

After Chinese President Xi Jinping's conversation with Trump by phone on Friday, he said he hoped for a "good start" to relations with the new administration.

Although Trump said he would undertake sweeping trade penalties against China, he has also indicated he wants to improve ties -- and even stepped in to reverse a US ban of Chinese-owned social media platform TikTok on national security grounds.

Ukraine is also keeping a very close eye on what Trump's second mandate will involve.

Ukrainian President Volodymyr Zelensky is expected to call on world leaders and company executives to maintain -- and even ramp up -- their support for his country's fight against Russia.

Zelensky on Monday said he is hopeful Trump will help achieve a "just peace".

- European 'struggle' -

Embattled German Chancellor Olaf Scholz will also address the forum, likely his last as leader ahead of elections next month.

Also speaking on Tuesday will be conservative leader Friedrich Merz, the favourite to succeed him as chancellor.

Europeans are fretting the most about Trump's return while countries from Brazil to China and India to Turkey believe he will be good for their countries and global peace, according to a survey last week from the European Council on Foreign Relations (ECFR).

The report accompanying the survey of over 28,500 people across 24 countries serves as a warning for European leaders to act cautiously.

"Europeans will struggle to find internal unity or global power in leading an outright resistance to the new administration," the ECFR report's authors said.

- 'Better understand' Trump -

Middle East conflicts will also be high on the agenda as Israeli President Isaac Herzog and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani speak in separate sessions during the first full day of the forum.

As a fragile ceasefire holds in the Israel-Hamas war, the WEF will host a discussion on how to improve aid delivery to the Palestinian territory of Gaza and how to kickstart the reconstruction and recovery after heavy bombardment.

Despite suggestions Trump's return would overshadow the forum that began on the same day as his inauguration in Washington, WEF President Borge Brende said the president had brought fresh interest to the gathering.

"It has increased the interest in Davos because people feel they need to come together to better understand what's on its way," Brende told AFP in an interview.

C.M.Harper--TFWP