In a series of blustering morning tweets, Trump also claimed the new tariffs will help rather than hurt the U.S. and bring "FAR MORE wealth." He offered a proposal he said would ease any negative impact on U.S. farmers from lost sales to China.
In Beijing, Chinese officials said they will retaliate if President Donald Trump goes ahead with more tariff hikes, adding to the heated rhetoric from both sides that was shaking stock markets around the world.
A former General Electric engineer and his business partner in China were indicted Tuesday on charges they stole the company's trade secrets from a New York plant for the Chinese government in what federal prosecutors called "a textbook example" of industrial espionage.
The United States and China hiked tariffs Friday on billions of dollars of each other's goods, launching what Beijing called the "biggest trade war in economic history" in a spiraling dispute over technology.