The European Union and the U.S. should look at lowering tariffs on each other as part of a solution to President Trump's threats of higher levies, the EU's trade envoy said. The comments from Maroš Šefčovič,

During his virtual remarks to the World Economic Forum today, President Trump unleashed on the EU over what he labeled "unfair" treatment.

Donald Trump called the EU's regulation on U.S. tech companies, like Meta, Google and Apple, to be "a form of taxation."

Speaking to leaders at the World Economic Forum today, President Trump said the U.S. has been treated “very, very unfairly” by the European Union when it comes to trade. NBC’s Peter Alexander and Sky News business correspondent Paul Kelso join Chris Jansing with details on Trump's address and how it was received by those in attendance.

The European Union is working on a proposal for bloc-wide purchase incentives for electric vehicles to support the bloc’s struggling automakers, German Chancellor Olaf Scholz said Tuesday.

The Europe Union must make sure it doesn’t hurt its banking industry when it starts applying a sweeping set of capital rules, ABN Amro Bank NV Chief Executive Officer Robert Swaak said.

European Commission President Ursula von der Leyen emphasized the need to break down barriers in the EU's energy sector at the World Economic Forum. Her statement highlighted the importance of investing in next-gen clean energy technologies and diversifying energy supplies.

DAVOS, Switzerland (Reuters) - 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.

At the World Economic Forum, President Trump's return to the White House overshadowed traditional talk on climate change, trade and development.