Ursula von der Leyen, President of the European Commission, addressed the World Economic Forum on January 17, 2024, where she outlined her vision for a more independent European Union. Her comments come in response to former U.S. President Donald Trump’s recent threats to impose tariffs on European imports, which she described as a misguided approach that threatens the long-standing alliance between the U.S. and Europe.
During her speech, von der Leyen highlighted the theme of this year’s forum, “A Spirit of Dialogue,” emphasizing the necessity for cooperation in the face of geopolitical tensions. She stated that should Trump follow through with the proposed tariffs, the EU would respond with an “unflinching, united, and proportional” reaction. Yet, she reiterated her preference for diplomatic engagement over confrontation.
“Arctic security can only be achieved together,” von der Leyen remarked. She stressed the importance of maintaining strong ties between allies, noting that a trade agreement was reached last July and highlighting the significance of mutual commitments in both politics and business.
Von der Leyen acknowledged the shifting global landscape since the inaugural World Economic Forum in 1971. She stated that while the core principle of dialogue remains vital, the EU must adapt to the current realities. Reflecting on recent geopolitical shocks, she asserted that these events can serve as opportunities for Europe to redefine its independence.
“Geopolitical shocks can and must serve as an opportunity for Europe,” she explained. “The seismic change we are going through today is a necessity to build a new form of European independence.” Her remarks resonated with a growing consensus among European leaders on the need for a structural shift in response to evolving global dynamics.
Emphasizing the urgency for change, von der Leyen warned against nostalgia for the past. “Nostalgia will not bring back the old order,” she said. “If this change is permanent, then Europe must change permanently too.” She called for a commitment to build a new, independent Europe, which she believes is already emerging.
In a significant announcement, von der Leyen unveiled a new trade agreement with Latin America, a market representing over 20% of global GDP. This deal, described as a breakthrough after 25 years of negotiations, positions the EU and Latin America as creators of the largest free trade zone globally. “This agreement sends a powerful message to the world,” she stated, reinforcing the EU’s commitment to fair trade and sustainability.
Looking ahead, von der Leyen also mentioned her planned visit to India, where she is negotiating what she termed “the mother of all deals.” This prospective agreement aims to create a market encompassing 2 billion people and a significant portion of global GDP. She expressed optimism about concluding this deal soon, highlighting its potential to enhance Europe’s economic independence.
“Europe wants to do business with the growth centers of today and the economic powerhouses of this century,” von der Leyen concluded. Her remarks at the World Economic Forum underscore the EU’s commitment to fostering partnerships that prioritize collaboration over isolation, positioning Europe as a key player in the global economic landscape.
As tensions evolve between the U.S. and Europe, von der Leyen’s proactive stance reflects a determination within the EU to assert its independence while advocating for cooperative engagement in addressing shared challenges.
