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The Chinese response clearly angered Mr Trump.

China imported $129.89 billion of USA goods previous year, while the US purchased $505.47 billion of Chinese products, according to US data.

Zhu Haibin, chief China economist at JPMorgan in Hong Kong, said that rather than trying to match the United States on tariffs, Beijing might have to adopt a different approach.

Trump is moving forward with the measures after months of sometimes fraught shuttle diplomacy in which Chinese offers to purchase more American goods failed to assuage his grievances over a widening trade imbalance and China's aggressive industrial development policies.

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The US president said in a White House statement on Monday evening that he had instructed the US Trade Representative's office to identify $200 billion in imports from the Asian nation for additional tariffs of 10 percent.

China has threatened "qualitative" as well as "quantitative" moves if the dispute worsens, meaning it could use inspections of goods, visa applications and other regulatory measures to make life more hard for United States companies doing business in China. "The trade relationship between the United States and China must be much more equitable", Trump said.

US President Donald Trump (R) and North Korea's leader Kim Jong Un shake hands following a signing ceremony during their historic US-North Korea summit, at the Capella Hotel on Sentosa island in Singapore on June 12, 2018.

"If the USA side becomes irrational and issues a list, China will have to adopt comprehensive measures combining quantity and quality to make a strong countermeasure", the ministry said.

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"Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong".

The Canadian dollar, meanwhile, weakened to a one-year low of C$ 1.3237 overnight, before paring some of its losses on Tuesday, as investors anxious about Canada's own trade feud with the United States.

The White House late on Monday announced that it was asking the USTR to draw up a list of $200 billion-worth of Chinese goods to hit with an additional 10% tariff in response to China publishing a list of 545 United States items worth $50bn in export revenue on Friday that it would slap with a 25% tariff.

Until now, China has mirrored Trump's actions, matching Friday's tariff hike with identical charges on the same amount of imports. -China Business Council in Beijing, said China would "begin looking at other ways to enforce action against U.S companies that are operating in the market". "His strategy, now clearer than ever before, appears to hinge on the idea that the US has the upper hand by virtue of its larger import value, and continued threats to target those imports give the USA significantly more leverage than China". Technology companies such as Apple have complained about infringement of their innovations while increasingly depending on foreign labor to manufacture their products, issues the USA has worked unevenly with China to resolve. Canada, for its part, has shot back with tariffs on a host of USA goods set to take effect in July. "Because the United States does a very good job, I believe, in following the WTO regulations, the World Trade Organization". The administration has identified $200 billion in Chinese exports it plans to add tariffs to, on top of the original $50 billion in products it first chose to go after.

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