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Trade war brews as China draws up Trump tariff reprisal list

Taizhou Port, China. Photo by Yang Bo / China News Service / VCG / Getty

For decades, western companies have griped that Beijing is forcing them to hand over tech secrets and source code as a price of access to the Chinese market. Now they have a White House prepared to act forcefully to stop it — starting tomorrow, Axios' Jonathan Swan reports — but the fear is a costly tit-for-tat trade war.

The big picture: President Trump plans to announce tentative tariffs, allow a comment period for industry and other players, then enact the sanctions, report Bloomberg's Andrew Mayeda and Jennifer Jacobs. But China is drawing up a reprisal list that includes soybeans, sorghum and live hogs, report the WSJ's Lingling Wei, Yoko Kubota and Liza Lin.