FT News Briefing UK races to avoid Trump tariffs
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Mar 21, 2025 European countries are stepping up their defense commitments as they reassess roles within NATO. The UK is engaged in crucial trade talks with the US to sidestep looming tariffs, balancing international relationships post-Brexit. Key discussions also focus on the diverging monetary policies of major central banks, questioning the US's role on the global stage. In a notable twist, Kirstie Coventry becomes the new president of the International Olympic Committee, marking a significant shift in sports governance.
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NATO's Future Funding
- European countries plan to increase military investments to match U.S. spending in NATO.
- This aims to address a potential financial void if the U.S. withdraws from the alliance.
UK-US Trade Deal
- The U.K. and U.S. are negotiating a trade deal to prevent U.S. tariffs on U.K. imports.
- The deal's significance lies in avoiding tariffs rather than its narrow scope.
Shifting Monetary Policy
- The Federal Reserve's monetary policy has diverged from other central banks'.
- This marks a shift from the Fed's traditional leadership role in global monetary policy.