The European Union needs to do more to keep up with the US and China, according to Economics Commissioner Valdis Dombrovskis.

EU Commissioner for Economy Valdis Dombrovskis, in his interview with Bloomberg, stated that the European Union needs to make greater efforts to keep up with the United States and China. "We are working to make competitiveness of European economy a priority,

DAVOS, Switzerland (Reuters) - 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.

The European Union is considering energy and arms purchases from the United States to prevent potential tariffs threatened by President Trump. EU Economy chief Valdis Dombrovskis emphasized the importance of transatlantic cooperation,

At a panel discussion on tariffs during the World Economic Forum in Davos, EU Commissioner Valdis Dombrovskis said that the United States’problem is not poverty but income inequality. He noted that the US is already one of the fastest-growing advanced economies, and many of its challenges stem from excessive income inequality.

European Commissioner for Economy Valdis Dombrovskis said Moscow must be made to “pay” for its nearly three-year-long war in Ukraine.

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

The EU will provide Ukraine with EUR 35 billion in financial support in 2025, European Commission Vice President Valdis Dombrovskis said at the platform X on Wednesday evening.

Europe will respond to any tariffs imposed by President Donald Trump in a proportionate way, the European Union’s commissioner for the economy told CNBC Wednesday.

The return of U.S. President Donald Trump to the White House is a wake-up call for European Union countries to fix their economies and become more competitive, the EU's senior financial officials said on Monday as Trump was sworn in for a second term.

RIGA - Both the United States and the European Union (EU) would feel the negative impact from the potential "tariff wars", EU Commissioner for Economy Valdis Dombrovskis told LETA after the World Economic Forum in Davos, Switzerland.

( MENAFN - UkrinForm) In 2025, the European Union will allocate EUR 35 billion in financial aid to Ukraine as part of the G7 ERA initiative and the Ukraine Facility program. This was announced on social media platform X by Vice-President of the European Commission and EU Commissioner for Trade Valdis Dombrovskis, as reported by Ukrinform.