Trucks wait in line as shipping containers stand in a terminal at the Yangshan Deep Water Port in Shanghai, China, on Friday, March 23, 2018. The trade conflict between China and the U.S. escalated, with Beijing announcing its first retaliation against metals levies hours after President Donald Trump outlined fresh tariffs on $50 billion of Chinese imports and pledged there’s more on the way. Photographer: Qilai Shen/Bloomberg

Trump Sets Stage for NATO Showdown as He Ties Defense to Trade

(Bloomberg) -- President Donald Trump said North Atlantic Treaty Organization allies haven’t boosted defense spending enough and linked that issue to a trade deficit with the European Union as he p...