Could an EU-US-deal be hit to avoid a full-grown trade war?

Good morning One start line: Brussels weigh up recent powers to temporarily caps the EU gas prices that recently reach a record level in comparison with the United States to guard European industry from high energy costs.

Last night, Russia published an American teacher from prison in a step wherein Donald Trump's white house was described as a show of “faithful and faith” and would help the discussions to finish war in Ukraine.

Today our technology and trade correspondents report on yesterday's meeting between Ursula von der Leyen and JD Vance in Paris. And our financial correspondent takes advantage of today's first step in Brussels -threatened war against bureaucracy.

Face/out

The President of the European Commission, President Ursula von der Leyen, has signaled that Washington is open to business to avoid your entire trade war after he met the US Vice President JD Vance yesterday.

Context: So far, the strategy of Europe has preferred the commitment to confrontation with Donald Trump. On Monday, nonetheless, the US President confirmed that on March twelfth he would really like to impose 25 percent tariffs for all steel and aluminum imports. The European Commission said that it will resign US tariffs with “fixed and proportional countermeasures”.

Together with Chief EU Diplomat Kaja Kallas, the meeting in Paris was the primary personal conversation between the Leyen and a high-ranking member of the brand new US administration. A one who was informed in regards to the talks said they were very constructive and focused on areas wherein the interests were geared.

After the meeting, Leyen Vance thanked for a “good discussion about our common challenges as allies”.

In a separate explanation published after the meeting, she confirmed “the EU's commitment to a good trade relationship (to the USA), while each parties expressed their intention to prioritize economic areas of mutual interest, including energy” .

The Leyen previously said that the block was able to buy more US liquid gas, which indicates where a possible business could find yourself.

The EU Minister of Trade will meet a video call this afternoon to debate the situation, but will not be expected to enter details a few possible retaliation. The principal purpose is to “display unity,” said an EU diplomat.

Another topic that was discussed by the Leyen and Vance was artificial intelligence. The US President didn’t beat AI and used a speech previously to become involved against the EU -Tech regulation, for instance as rules of Brussels within the content for online platforms “authoritarian censorship”.

He also said that the United States is “the leader in AI, and. . . Plant to maintain it that way. “This happens because the EU announced that it will mobilize EUR 200 billion” to make Europe a KI continent “.

They also talked in regards to the transatlantic approach towards Ukraine and China. Both Vance and the Leyen may even participate within the Munich Security Conference later this week, where the longer term of Ukraine will probably be the principal topic.

Diagram you jour: tense relationship

According to a brand new survey by the European Council for Foreign Relations, most Europeans consider the United States as a “needed partner” than as “allies” Published today.

Road trip

The rubber on the simplification of Ursula von der Leyen is on the road today since the European Commission represents plans which areas they wish to trim.

Context: Commission President of the Leyen has sworn to cut back bureaucracy as a way to make life easier. The Commission will later propose a so -called “omnibus” setting this month, wherein it rationalized 4 different laws that the primary of several such laws. Next: improvement of access to investments, paperless bureaucracy, easier chemical laws.

“The accumulation of rules over time at different levels, their increased complexity and implementation problems have a big impact on the competitiveness of Europe,” writes the Commission in a draft communication presented today.

It is committed to “checking and adapting our regulatory framework as a way to react more to the needs of individuals and firms,” said the Financial Times.

“Companies are fed up. We have to indicate you that something works, ”said a high -ranking EU official in regards to the efforts.

The lobbying in the primary omnibus law is widespread, with letters from countries, including Germany, France and industry lobbies in Brussels. One of Italy, which was seen by the FT, asks for reduced reporting requirements for firms and the implementation of sustainability rules “until all outstanding problems were properly treated”.

Brussels is desirous about emphasizing that this will not be an advance on deregulation, but to “make the green deal functional,” said the official. But environmental activists are concerned.

“If you delay something, that is deregulation. If you remove a wise a part of the laws, that’s deregulation, ”said Sebastien Godinot from the WWF Europe office.

What may be seen today

1. The Canadian Prime Minister Justin Trudeau meets the President of the European Commission, Ursula von der Leyen, President of the EU Council António Costa and the Secretary General of NATO, Mark Rutte in Brussels.

2. EU Minister of Trade meets online to debate US tariffs.

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