"Further, if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately United States dollars 267 billion of additional imports", Trump said in a strong warning to China.
That includes retaliatory tariffs on US$60 billion in USA goods that will take effect on September 24, China's Ministry of Finance said Tuesday in a statement posted to its website. "Once again, I urge China's leaders to take swift action to end their country's unfair trade practices".
President Donald Trump threatened to hit back if China targets politically potent USA agricultural products for counter-tariffs, following an escalation in his trade war with Beijing.
"China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers due to their loyalty to me", Trump wrote.
Trump announced on Monday that his administration would impose 10 per cent tariffs on US$200 billion of Chinese goods, effective next Monday, a move seen as likely killing any chance of further negotiations taking place.
However, China is unlikely to slap a 10 percent tariff on £150bn ($200bn) of United States goods, as it buys approximately £99bn ($130bn) worth of items every year.
So far, China has either imposed or proposed tariffs on $110 billion of U.S. goods, representing most of its imports of American products.
President Donald Trump made the announcement this evening in a move that is sure to ratchet up hostilities between Washington and Beijing.
Forecaster: Florence storm surge not diminished
Evacuation orders are in place in Virginia and the Carolinas, and about 10 million people are under some kind of weather warning. Services and flights have been suspended on Thursday and Friday at Wilmington International Airport on North Carolina's coast.
Cowboys not interested in Josh Gordon
Dorsey didn't shut the door on the possibility of signing Bryant when the GM spoke to the Beacon Journal/Ohio.com on September 4. With Gordon gone, the Browns' passing game will rely more heavily on wide receivers Jarvis Landry and Rashard Higgins .
Maryland Task Force One heads south to help prepare for Hurricane Florence
At 11am local time on Wednesday (early Thursday AEST), the storm was located about 785km southeast of Wilmington, North Carolina. With Hurricane Florence churning toward the East Coast, NASA released a stunning video and photos of the storm from space.
The United States complains Chinese industry development plans including "Made in China 2025", which calls for creating global champions in robotics and other fields, are based on stolen technology, violate Beijing's market-opening commitments and might erode American industrial leadership.
At $375 billion, the USA trade deficit with China is more than half of its total trade deficit. Liquefied natural gas (LNG), for example, was previously under the 25 percent tariff category but now will be subject to a tariff of 10 percent.
They officials told reporters the lower initial tariff rate would give USA businesses time to find new suppliers.
The US President also said he had great respect for Chinese President Xi Jinping, but the US goods trade deficit with China was too large and "we can't do that any more".
Still, he said, the U.S. economy appears strong enough to withstand the damage.
"If the USA launches any new tariff measures, China will have to take countermeasures to firmly ensure our legitimate rights and interests", Foreign Ministry spokesman Geng Shuang told reporters ahead of the expected announcement. In a White House statement, he accuses Beijing of having failed to change "numerous unfair policies and practices relating to United States technology and intellectual property - such as forcing United States companies to transfer technology to Chinese counterparts".
Mr Trump told China any retaliatory act against U.S. farmers or industry will trigger "phase three".
"The President really hates the bilateral trade deficit with China", Mr Scissors said. "More tariffs not only punish American consumers, manufacturers, and businesses of all sizes, they will also diminish the opportunity to negotiate with the Chinese and address long-standing trade issues". U.S. Treasury Secretary Steven Mnuchin last week invited top Chinese officials to discussions.
"The principal objective of the tariffs is probably not to bring Beijing to the bargaining table", Arthur Kroeber, a senior analyst at research firm Gavekal said in a note Tuesday.