However, this time, Trump is raising the stakes over the additional $100 billion he previously said he would consider, charging the U.S. Trade Representative to consider $200 billion in additional tariffs on Chinese goods, with yet another $200 billion possible if China refuses to relent.
"The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the U.S., but of the world", the Chinese ministry said in a statement.
President Trump escalated his trade feud with China Monday night, threatening to impose tariffs of 10 percent on another $200 billion worth of Chinese goods.
Trump on Friday announced hefty tariffs on $50 billion of Chinese imports, laying out a list of more than 800 strategically important imports from China that would be subject to a 25 per cent tariff starting on July 6, including cars. "Rather than altering those practices, it is now threatening USA companies, workers and farmers who have done nothing wrong".
"It may not be the end of the matter as US officials are looking at another $100 billion of Chinese imports on which they could impose tariffs if desired", he said.
The decision stems from the conclusions of a Section 301 investigation launched in August that found that China's theft of intellectual property is costing the US economy billions of dollars.
This latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage, which is reflected in our massive $376 billion trade imbalance in goods.
"China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology", he said.
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Mr. Trump's comments came hours after the top USA diplomat accused China of engaging in "predatory economics 101" and an "unprecedented level of larceny" of intellectual property.
The announcement comes as China looks for a different oil supply mix ahead of likely reductions in its imports from Venezuela and Iran.
American crude has proved competitive for China; the U.S. benchmark WTI averaged a $1.83 per barrel discount to oil from the North Sea Forties on a delivered basis into China in May, and a 74 cents per barrel discount to Abu Dhabi's Murban crude, according to S&P Global Platts calculations. "This is predatory economics 101". "This is unacceptable", Trump said.
Pompeo raised the trade issue directly with China last week, when he met in Beijing with President Xi Jinping and others.
The escalation in the dispute with China may also serve as a warning to other trading partners with whom Mr. Trump has been feuding, including Canada and the European Union.
"I reminded him that's not fair competition", Pompeo said.
China's retaliation list was increased more than six-fold from a version released in April, but the value was kept at $50 billion, as some high-value items such as commercial aircraft were deleted.
"We use American power, economic might and influence as a tool of economic policy", he said.