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The Trump administration has offered aid to farmers impacted by the retaliatory trade moves, which include tariffs on USA crops like soy beans. Such a step would significantly escalate his trade war with Beijing and would likely increase costs for a broad range of US businesses and consumers.

The surplus with the United States was larger than China's net surplus for the month, indicating China would be running a deficit if trade with the world's largest economy was excluded.

"We will evaluate the comments and we will make a decision", Kudlow said, suggesting it could be some time before the fresh import charges will be levied.

China has warned that it would retaliate with import taxes on $60 billion worth of USA goods.

"That totally changes the equation", Mr Trump said.

If the administration moved ahead, it would more than cover the entire value of goods imports from China, according to USA government data from previous year.

President TrumpDonald John TrumpTrump: Lincoln's Gettysburg Address was ridiculed by the "fake news" Trump thanks North Korea's Kim for promise to denuclearize during his tenure No NFL players visibly kneel during season opener MORE most recently on Friday threatened to impose another $267 billion in tariffs on Chinese products, on top of $200 billion in tariffs he promised one day earlier.

Officer Opens Wrong Door; a Tragedy Results
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The new duties will start to hit consumer products directly, including furniture, lighting products, tires, bicycles and auto seats for babies. China plans to tax an additional $60 billion in United States products if the Trump administration expands its hit list by $200 billion.

"China, right now, is a far bigger problem", Trump said.

The deadline for public comment on the next wave of punitive taxes on $200 billion of annual imports from China expired Thursday, so Trump could impose the tariffs immediately.

"We'll continue to talk to China", he said at the White House on Wednesday.

The label of a Washington D.C. sweatshirt bears a U.S. flag but says "Made in China" at a souvenir stand in Washington, U.S. January 14, 2011.

While U.S. businesses in China do not yet appear to face widespread retaliation, some company officials have said they are bracing for blowback. "The trade wars only serve as a catalyst for the turning of the cycle". The president says he believes that narrowing the trade gap will bring jobs to the United States, even though it could spark higher inflation. "We want lower (trade) barriers across the board".