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As the Trump administration moves to take on China over intellectual property, Washington will find it has limited firepower. Beijing has a strong grip on American technology companies, and global trade rules could favor China.
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U.S. President Donald Trump is prepared to quickly ramp up a trade war with China and has told aides he is ready to impose tariffs on $200 billion more in Chinese imports as soon as a public comment period on the plan ends next week, Bloomberg News reported on Thursday.