Good morning from the Financial Times.
Today is Friday, March 21st.
This is your FT news briefing.
NATO is considering how to move on from the US and the UK Is racing to avoid Trump's tariffs.
Plus, the Federal Reserve used to be the leader of global monetary policy.
There's a phrase which is that if the US sneezes, the UK Catches a cold.
Bless you.
But that seems to be changing.
I'm Mark Filippino, and here's the news you need to start your day.
European countries are working on plans to replace the US in the NATO alliance.
That's according to FT sources.
The uk, France, Germany, and the Nordics are some of the powers putting their heads together.
The idea is to increase military investments to match most of what the US spends now.
But that would take like five to 10 years.
US diplomats have been telling their European counterparts that President Donald Trump is committed to staying in NATO,
but he's been skeptical of the alliance.
And European countries want to find a way to fill the financial void in case the US does pull out.
The US and the UK Are negotiating a trade deal, although it wasn't exactly Britain's choice.
The idea is to strike an agreement that prevents US President Donald Trump from imposing tariffs on UK imports.
Here to explain where things stand is the FT's public policy editor, Peter Foster.