The tariffs that Trump has imposed, and threatened to impose, total $517 billion - more than the $505 billion in Chinese goods that entered the country a year ago. Earlier speculation was that those tariffs, proposed in July, would take effect in early October, though trade associations have been gearing up for the announcement to come as early as the end of this week.
"To a certain extent it's going to be up to China", he said.
He told reporters traveling with him to Fargo, North Dakota "behind that, there's another $267 billion ready to go on short notice if I want".
"That totally changes the equation", Mr Trump said.
Arizona Gov. Ducey picks Kyl to fill McCain's Senate seat
Doug Ducey, disclosed the timing hours after Ducey appointed Kyl to fill the seat left vacant by the death of John McCain. Earlier Tuesday, he went from a news conference at the Arizona Capitol to the Phoenix airport to fly to Washington.
Kudlow, who heads the National Economic Council, told CNBC the administration was still talking with China about trade issues but so far China had not met U.S. requests. Those tactics, the Office of the US Trade Representative has alleged, include stealing trade secrets through computer hacking and forcing US companies to hand over technology in exchange for access to the Chinese market.
Investors fear Washington could impose duties on another US$200 billion of Chinese imports at any time, in what would be its most sweeping measures yet, and Beijing has vowed to once again retaliate. However, China's imports from the United States are $200 billion a year less than American imports from China, so it would run out of room to match USA sanctions.
Trump has been locked in a trade dispute with Beijing over China's policy of forcing USA companies to hand over trade secrets, as a price of doing business in China.
"Semiconductors are America's fourth-largest export, and our industry has a global trade surplus of over $6 billion and a surplus with China of close to $2 billion in 2017", Intel's letter said.
As trade relations between the two countries continue to get strained, Apple said in a letter to the U.S. trade representative that the move would "hurt" the company, according to CNBC report. "Trump's remarks confirm his intention to continue escalating trade sanctions until China capitulates, and China has equally clearly signaled it has no intention of doing so". Bloomberg identified these items by comparing the products on the Value-Added Tax list to items on the lists of goods hit by higher levies. "Now, they've got to treat us fairly", he said, and again threatened to impose duties on cars produced in Canada.
It also said that every Apple product "contains parts or materials from the United States and is made with equipment from US-based suppliers".