"The President signs a Presidential Memorandum targeting China’s economic aggression," the release said on Wednesday.
The ceremony will take place at 12:30 p.m. EST (4:30 p.m. GMT) in the Roosevelt room, according to the White House.
The Chinese Ministry of Commerce has reacted to the announcement, saying that Beijing resolutely opposes US unilateralism and protectionism with regard to the U.S. "Section 301" investigation into the country's intellectual property practices and vowed to take all necessary measures to resolutely protect its interests.
Earlier, media reported, citing officials, that Trump is planning to impose between $30 to $60 billion in annual tariffs against China for intellectual property infringement.
Earlier in March, Trump announced a plan to impose duties on all steel and aluminium imports. Chinese Foreign Ministry Spokesman Lu Kang then said that China would take retaliatory measures should the tariffs be imposed.
