"The $200 billion we are talking about could take place very soon depending on what happens with them. To a certain extent, it's going to be up to China. And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. That changes the equation," Trump noted while speaking to reporters on board Air Force One.
In early July, US trade officials stressed that the country was ready to impose 10 percent tariffs on another $200 billion worth of Chinese exports to the United States.
Cooperation With Japan
Trump stressed that he has commenced trade talks with Japan, the latest country that he has turned his attention toward, as he wants to make new deals with major partners.
"If we don't make a deal with Japan, Japan knows it's a big deal," the president told reporters.
Earlier, the US president reportedly stated that Washington's "strong" relationship with Tokyo could "end."
Meanwhile, US imports from Japan amounted to nearly $12 billion in July, according to the Financial Times.
Donald Trump said that he was open to sitting down with investigators probing alleged collusion between his campaign and Moscow "under certain circumstances."
"I think that if we're going to meet it's got to be a fair meeting. I don't want to be set up with a perjury trap," he noted.
US authorities have been investigating alleged collusion between the Trump campaign and Russia, as well as Moscow's purported meddling in the 2016 US presidential election, won by Trump, for months.