"For months, we have urged China to change these unfair practices and give fair and reciprocal treatment to American companies", Trump said in a statement. "Hopefully, this trade situation will be resolved, in the end, by myself and President Xi of China, for whom I have great respect and affection".
Earlier in the day the President tweeted: "Tariffs have put the U.S.in a very strong bargaining position, with Billions of Dollars, and Jobs, flowing into our Country - and yet cost increases have thus far been nearly unnoticeable".
"Further, if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports".
"We have seen that with the steel and aluminum tariffs that Trump put in place that captured New Zealand even though we are a small exporter and buy more from them than we sell". He did not specify on whether he was referring to the impact on the amount of gross domestic product (GDP) or the growth rate of GDP.
The escalation of Trump's tariffs on China comes after talks between the world's two largest economies to resolve their trade differences produced no results. The administration is targeting a variety of products - from sockeye salmon to bamboo mats - forcing US companies to scramble for suppliers outside China, absorb the import taxes or pass along the burden to their customers.
Mr Trump's tweet came as a senior administration official said the U.S. is ready to go with US$200 billion (S$275 billion) in additional tariffs on Chinese goods, with a possible announcement coming soon.
Administration officials said on Saturday that President Donald Trump was likely to announce the new tariffs on about US$200 billion of Chinese imports as early as Monday. But, the official said, they will exclude some consumer electronics such as smart watches and Bluetooth devices as well as health and safety products such as high chairs, bicycle helmets, child vehicle seats and playpens.
The lack of unity within the USA administration on trade isn't new - Chinese and American officials have held a series of talks over the dispute, and reached at least one agreement which was subsequently abandoned by the president.
USA businesses - which have warned that tariffs could hurt profits, force job cuts, and, in some cases, destroy companies, said the taxes were going to hurt the United States more than the administration realized. These new tariffs would reportedly take effect "within weeks".
The tariffs will be 10 percent until the end of the year then go to 25 percent to allow businesses to adjust.
The new tariffs could also prompt a rejection by Beijing of an invitation by US Treasury Secretary Steven Mnuchin for further high-level trade negotiations with Chinese Vice-Premier Liu He.
When Cohn tried, using data and history, to argue against Trump's conviction that trade deficits with other countries made the United States the loser, the book reports Trump as saying: "I know I'm right".
At the same time, the administration said it is still open to negotiations with China.