Escalation in the Global Trade Conflict: New Tariffs Between the U.S., China, and the EU Current developments: In recent weeks, the global trade conflict has dramatically intensified. The United States has launched a sweeping package of tariffs against numerous trading partners. For example, goods from the European Union are now subject to a 20% import duty in the U.S. China is also facing heavy charges: in addition to already existing surcharges of 20%, Washington has announced a further 34% im