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.

“The Paris Agreement continues to be the best hope for all humanity. So Europe will stay the course, and keep working with all nations that want to protect nature and stop global warming,” the European Union’s top executive said in a speech at the World Economic Forum in Davos.

Speaking at the Davos Summit, Ursula von der Leyen emphasided the EU's dedication to the Paris climate agreement and urged international cooperation, despite Trump’s decision to withdraw. View on euro

The Commission's 'Action Plan on Affordable energy' is slated for 26 February, and von der Leyen has charged her Energy Commissioner Dan Jørgensen with updating the governance rules which set out how EU countries collectively manage the bloc's power grid.

European Commission President Ursula von der Leyen has not yet received an invitation to U.S. President-elect Donald Trump's inauguration on Jan. 20, a spokesperson said on Friday.

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.

On Jan 3, a spokesman had said the German politician, 66, was carrying out her duties from her home city of Hanover. Read more at straitstimes.com.

Europe has entered a new era of harsh geostrategic competition and will have to work together to avoid a global race to the bottom, European Commission President Ursula von der Leyen said on Tuesday at the World Economic Forum in Davos.