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The White House also said Tuesday that it would place new restrictions on Chinese investment into the United States and limit US exports of high-tech goods to China.

US-China trade tensions have spiked once again after US President Donald Trump said he will proceed with a 25% tariff on US$50bn of goods imported from China.

The White House also says that it will announce and impose investment restrictions and enhanced export controls on Chinese individuals and organizations, to prevent them from acquiring USA technology.

"In a statement Tuesday, the White House said a final list of targeted imports will be released by June 15 and the tariffs will be imposed "shortly thereafter".

That deal was separate from the USA investigation into China's alleged theft of intellectual property.

The Global Times, an influential tabloid run by the ruling Communist Party's official People's Daily, said the United States was suffering from a "delusion" and warned that the "trade renege could leave Washington dancing with itself".

Earlier, in the height of a trade row, the Trump administration had demanded China to reduce its $375 billion trade surplus against the by $100 billion while China retaliated with similar measures imports from the US.

"China is confident, capable and experienced to defend Chinese people's interests and national core interests, regardless of whatever measures the U.S. side could take", the ministry said.

Trump ordered the tariffs in March in response to what he called "tremendous intellectual property theft" by China, identified in a Section 301 trade investigation launched last summer.

Hatch: Trump's Tariffs Are A "Tax Hike On Americans"
But nobody knows for sure, and the fear is that the U.S. action will damage business confidence at a time when growth is slowing. But if there are no exemptions, she said , "We will respond in an intelligent, decisive and joint way", Merkel said in Lisbon.

Trump, while demanding China to reduce the $375 billion by $100 billion retaliated with United States dollars 50 billion tariffs on Chinese products. "As the USA and China prepare for another round of negotiations, we hope the administration has clearly defined objectives and concrete solutions to resolve this trade dispute without tariffs". A team of US officials was scheduled to arrive in Beijing on Wednesday to discuss the broad outline of those talks, but if the two sides failed to reach agreement on what would be discussed, the trip - led by Commerce Secretary Wilbur Ross - could be canceled, the Wall Street Journal reported. In addition, the USA will continue efforts to protect domestic technology and intellectual property, stop noneconomic transfers of industrially significant technology and intellectual property to China, and enhance access to the Chinese market, the White House said.

The White House announcement came on the heels of stiff criticism from lawmakers of the White House 's negotiating tactics and willingness to soften tough penalties in some cases with no benefit to the US.

The ministry said the White House tactical statement is both unexpected and within expectation.

The State Department noted these changes will go into effect starting on June 11.

The US is pushing China to remove tariffs on foreign companies and stop practices that allegedly encourage transfer of intellectual property to Chinese companies, such as requirements that foreign firms share ownership with local partners to access the Chinese market.

The other area the U.S.is targeting is China's acquisition of high technology know how either by legitimate investments or what the US labels intellectual property theft and forced technology transfers.

Commerce Secretary Wilbur Ross is scheduled to travel to China this weekend for further discussions.

"The second thing is, the president has said we lost the trade war long ago", he said.

"The US Chamber supports the administration's ongoing efforts to deal with China's unfair trade practices and policies".