France is pushing to cut red tape at European Union level, calling for a "massive pause" in new EU regulations, a delay in rules requiring companies to report on their environmental footprint, and changes to even freshly passed laws.

France is calling for a major reworking of European regulations, starting with ESG rules, as the bloc struggles to revive its competitiveness against a backdrop of sweeping deregulation across the Atlantic driven by US President Donald Trump.

France is advocating for a significant revision of European regulations, particularly those related to Environmental, Social, and Governance (ESG) rules. This comes as Europe grapples with its competitiveness amid extensive deregulation in the United States,

France on Friday asked the European Union to suspend "indefinitely" landmark new rules on environmental and human rights supply chain standards, saying they were too burdensome for businesses.

Bankers and regulators expect the European Union to further delay stricter capital standards for lenders’ trading businesses over uncertainty related to whether the US will implement the rules.