Bloc seeks a new approach to fend off US and Chinese competitionThe leaders of the 27 countries making up the EU are seeking ways to transform the European economy and protect key sectors like steel. We are fighting for a place in the new global economy,” EU chief Ursula von der Leyen told industry chiefs Wednesday. Draghi’s report will not be the only report leaders will be leaning on. Directing EU money to EuropeansBilled as a “strategic brainstorming,” Thursday’s talks were not expected to produce immediate action. “Let us direct more European money to our European industries.”EPC’s Folkman warned the EU against “unmitigated protectionism”.

Source: Bangkok Post February 12, 2026 10:50 UTC