The French Empire
As President of the Republic of Italy, Napoleon decides to abolish the Republic and proclaims himself King of Italy by placing the old Iron Crown of Lombardy on his head.
The Republic of Italy is abolished and replaced by the Kingdom of Italy which is now in a personal union with The French Empire.
The French Empire offers and accepts trade agreements with all non hostile nations.
(Excluding Britain, Austria, Russia & Prussia as their all seen as hostile.)