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Amid fears of trade war is recognition that US is finally standing up to China
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Analysts have mixed opinions of US President Donald Trump's announcement that up to US$60 billion (S$79 billion) of tariffs will be imposed on Chinese imports if China does not reduce its trade surplus with the US.
PHOTO: EPA-EFE
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WASHINGTON - It is the most serious warning shot yet from United States President Donald Trump - notice of up to US$60 billion (S$79 billion) of tariffs on Chinese imports if China does not reduce its trade surplus with the US, and extend reciprocal treatment to US companies, allowing them market access without forcing them to take minority stakes in joint ventures and transfer their technology.
Also targeted is Chinese "theft" of American intellectual property (IP), and investment in strategic American companies which get access to technology.
