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UK.

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 U.S.,

and the U.K. 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 U.S. sneezes, the UK catches a cold.

Bless you. But that seems to be changing.

I'm Mark Filipino, and here's the news you need to start your day.

Thank you. European countries are working on plans to replace the U.S. in the NATO alliance.

That's according to F.T. sources.

The U.K., 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 U.S. spends now.

But that would take like five to ten years.

U.S. 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

...