"I'm ready to go 500", the Republican leader told the U.S. network CNBC, referring to the US$505.5 billion (RM2.055 trillion) in Chinese imports accepted into the United States in 2017.
In the CNBC interview that aired Friday, President Trump reiterated his complaints about America's gaping trade gap with China, even though reforming China's technology policies wouldn't likely narrow the trade deficit.
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese goods imported to the US should the need arise."I'm ready to go to 500", the president told CNBC's Joe Kernen in a "Squawk Box" interview aired Friday.
"We're down a tremendous amount", Mr Trump said in an interview about trade imbalances with China on CNBC.
"We should let those who advocate trade war know that trade war is not something that can be easily won", China Consul General to Los Angeles Zhang Ping said.
The administration to date has slapped tariffs on $34 billion of Chinese goods in a trade dispute over what it calls the There is already pushback in the USA from businesses that will take a hit in an escalating trade war. nation's predatory practices.
He said: "China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge". It has already slapped additional taxes on USA soy beans and pork exports - a move created to target Trump's rural voter base.
When asked about the stock market possibly falling if the USA imposes duties on such a large amount of goods, Mr Trump said: "If it does, it does". "Because we go up and every time you go up they want to raise rates again".
Signs that the Bank of Japan could scale back its monetary stimulus faster than expected sent tremors through bond markets on Monday, while European stocks slid as threats of further USA tariffs on China drained risk appetite. "But it was very unfair".
"China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S.is raising rates while the dollars gets stronger and stronger with each passing day - taking away our big competitive edge".
Trump told CNBC on Thursday that he was "not thrilled" that the United States central bank is raising interest rates as the economy improves, Xinhua reported.
Last month, the Fed raised its benchmark rate for a 2nd time this year and projected 2 more increases in Y 2018.
The short video in English with Chinese subtitles seems created to undermine support for the trade dispute from USA farmers, key supporters of President Donald Trump, by highlighting the damage tariffs could have on American soybean exports.
The yuan fell to 6.7943 per dollar by late morning on Friday, down 0.28 per cent, according to Bloomberg data, and is at its lowest levels in a year following an accelerating slide in recent weeks as the trade conflict heated up.
And analysts have warned the devaluation of the yuan could be the first signs the ongoing trade war is descending into a currency war.
"The (yuan's) slide against the United States dollar will substantially cushion the impact on Chinese exporters from the planned next round of U.S. tariffs", IHS Markit's chief Asia economist Rajiv Biswas told AFP news agency.
Trump had earlier threatened to target up to $550 billion in Chinese products - a figure that exceeds the $524 billion in goods and services China actually shipped to the United States past year. The government does, however, enjoy more influence over the value of its currency than the USA does.
Despite Trump's claim, the yuan has been rising steadily if gradually in recent years, as most economists and officials say Beijing actually has been intervening in currency markets to keep the currency from weakening. But such a maneuver could also spur an outflow of capital that Beijing has tried to stanch.