Speaking just hours after the period for public reactions to the $200 billion China duties list he had set ended, Trump told reporters overseas Air Force One that he was "being strong on China because [he had] to be".
The US has imposed $50 billion worth of tariffs on Chinese goods with another $200 billion in the final stages. "That changes the equation".
Trump initiated the trade war to punish Beijing for what it says are China's predatory tactics to try to supplant United States technological supremacy. The Nasdaq composite, which has a high concentration of technology companies, dipped 0.9 percent to 7,922.73.
The Dow, the S&P 500 and the Nasdaq Composite fell slightly after the news, despite strong US job numbers announced earlier on Friday.
Earlier on Friday, White House economic adviser Larry Kudlow told Bloomberg Television the administration would evaluate public comments before making decisions on the $200 billion tariff list. "The notion that the president is going to add an extra $267 billion worth of tariffs is grossly irresponsible and possibly illegal", said Jose Castaneda, spokesman for the Information Technology Industry Council, which argues that the tariffs are not permitted under USA trade law.
On Friday, Mr Trump said there could be US$267 billion more.
Trump has boasted that trade wars are "easy to win" and warned he would hit virtually all Chinese imports if Beijing does not back down and take steps to reduce its $335 billion surplus with the US.
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If Trump follows through his threats, it would mean virtually all of China's exports to the US would be subject to higher duties.
The US Trade Representative's office received almost 6,000 comments and held seven days of public hearings on the proposed levies.
Apple doesn't actually run its own factories in China, but uses contract manufacturers like Foxconn to build the iPhone and other products. "Start building new plants now", the POTUS tweeted. The imports are equal to almost 40 percent of all the goods China sold the United States previous year.
The company's US-made hardware products have taken it to become a $1 trillion company but those products are built in China which, in turn, creates thousands of jobs. Apple said it was "difficult to see" how tariffs would advance the government's goal.
"Our view on tariffs is that they show up as a tax on the consumer and wind up resulting in lower economic growth", Tim told investors last month.
"The Chinese aren't paying these tariffs, American families are going to pay these tariffs". "More broadly, tariffs will lead to higher US consumer prices, lower overall USA economic growth, and other unintended economic consequences". Those talks will continue to go on.