Amid fears of trade war is recognition that US is finally standing up to China

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.

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