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With the established global order on shaky footing, President Donald Trump’s weeklong trip to Europe will test already strained bonds with some of the United States’ closest allies, then put him face to face with the leader of the country whose electoral interference was meant to help put him in office.

The trade war that erupted Friday between the U.S. and China carries a major risk of escalation that could weaken investment, depress spending, unsettle financial markets and slow the global economy.