"I'm ready to go to 500", Trump said in an interview with CNBC's Joe Kernen that aired Friday morning.
"Now I'm just saying the same thing that I would have said as a private citizen", he said, according to CNBC. The president said China had harmed the U.S.by deflating its currency to suppress the price of Chinese goods and violating trade laws.
China imports far less from the USA, buying about US$130 billion in American goods past year, so it doesn't have as much to leverage with tariffs, but it could use other measures to hit trade such as tightening regulatory oversight. The interview was taped Friday afternoon, and CNBC aired Trump's complaints about the Fed shortly after.
The Trump administration is threatening to impose fresh tariffs of 10% on another $200bn of Chinese goods, which Beijing has called "totally unacceptable".
China's central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with USA tariff hikes.
Trump authorized the tariffs after an investigation he ordered by the U.S. Trade Representative's office found that China was violating intellectual property rules and forcing American companies operating in China to hand over their technology secrets to gain access to the market. Earlier this year, he used national security as a justification for taxing imported steel and aluminum.
In Washington, automakers and suppliers at a public hearing on Thursday pleaded with Trump's administration to reject tariffs on vehicle imports, which they say could cripple domestic manufacturing and cause job losses.
'Several wounded' in stabbing on German bus
Witnesses told the paper that the attack happened in Kücknitz neighborhood on a public bus en route to Travemünde. Police spokesman Duerk Duerbrook said the attack happened in the Kuecknitz district of Luebeck.
Markets Slide As Trump Prepares To Hit All Chinese Imports With Tariffs
The US imported about $505 billion worth of goods from China past year . "I'm doing this to do the right thing for our country". The Trump administration has also angered key allies by imposing tariffs of steel and aluminum imports earlier this year.
Auto industry sounds off on vehicle tariffs
Offshoring has hurt workers and begun to erode the technological advantage that the USA has long enjoyed, the union wrote. When vehicle prices rise, demand drops. "New tariffs on automotive imports would have a devastating effect", Hall says.
For a second day, Trump criticized the Federal Reserve, breaking with a long-standing tradition at the White House in avoiding any influence, real or perceived, as to the actions of the nation's central bank.
On Thursday, the European Union said it was developing plans to hit back at the USA if it attempted to place import tariffs on cars, something Trump has repeatedly threatened to do.
The U.S. central bank has hiked rates twice this year and most experts expect two more increases by year's end.
Doing so slows growth, as it raises the cost of borrowing, but can also prevent the economy from overheating and tipping into recession.
Later, the White House said in a statement that Trump respects the Fed's independence and was not interfering with its policy decisions.
Interest rate hikes can suppress investment and the unemployment rate, two metrics Trump and Republicans touted frequently throughout his presidency.
Trump nominated current Fed Chair Powell, who had served as a governor on the board of the Fed, to serve at its helm after Janet Yellen's retirement in February.