Donald Trump’s return to the White House has put more than $300bn of potential federal infrastructure funding at risk, US investors said, as they grappled with the scale of his move to unpick Joe Biden’s climate agenda.

André Corrêa do Lago, the experienced Brazilian diplomat and climate negotiator appointed this week, told the Financial Times that the exit of the US could also allow nations such as China, India and Brazil to take a bigger role in the world’s most important climate talks.

Donald Trump imposed no new trade tariffs on the first day of his second term, as feared by markets, but the US president did lay out the official blueprint for an “America First Trade Policy”.

Good morning. Donald Trump had a busy first full day back in the Oval Office, as the US president kicked off massive shifts in the country’s economic infrastructure. Here are the key changes.

Donald Trump insisted he was serious in his determination to take over Greenland in a fiery telephone call with Denmark’s prime minister, according to senior European officials.

But with Trump preparing to rip up federal regulation and rethink the parameters of government action, the EU’s moves look altogether more tentative. “The engagement is not to deregulate, but to simplify,

President Donald Trump’s call for a new oil boom will be thwarted by Wall Street’s reluctance to approve another drilling binge, shale bosses have warned.

This is Swamp Notes, the weekly podcast from the FT News Briefing, where we talk about all of the things happening in US politics. I’m Sonja Hutson. And this week we’re asking: how far will Donald Trump take his vendetta agenda? Here with me to discuss is James Politi. He’s the FT’s Washington bureau chief. Hi, James.

US President Donald Trump said the US would take back the Panama Canal, decrying China’s influence over the important waterway and the high rates being charged to American ships. In his inauguration speech on Monday,

Donald Trump has raised the pressure on Federal Reserve chair Jay Powell to cut borrowing costs, setting up a potential clash between the two men less than a week before the US central bank meets to set interest rates.

Trump signed a slew of executive orders that initiated the US withdrawal from the Paris climate accords and WHO, ordered troops to the border with Mexico, pardoned about 1,500 January 6 rioters and restarted permitting for natural gas export terminals. He also rescinded 78 Biden-era directives.

Don Dempsey, head of policy and research at lobbying group Better Medicare Alliance — funded by insurance companies including UnitedHealth Group and Humana — was the leading candidate to be Trump’s top health official at the US Office of Management and Budget, said three people familiar with the matter.