US stocks fell on the news but were not hit almost as hard as in Shanghai, where shares closed 1.78 percent lower and the yuan weakening toward last week's 11-month lows.
The foreign ministry described Washington's threats as "typical bullying" and said China needed to counter-attack to protect its interests.
"It is totally unacceptable for American side to publish a tariff list in a way that is accelerating and escalating", said a Commerce Ministry statement. But duties on more than US$200 billion in Chinese imports may push the trade war into territory where it begins to bite meaningfully into growth.
Last Friday, the United States imposed 25% tariffs on Chinese imports worth $34bn (£25bn).
More than 6,000 items could be affected - including burglar alarms, vehicle tyres, handbags, baseball gloves, carpets, toilet paper, dog food, and hundreds of food products. Beijingimmediately responded with its own tariffs on U.S. goods worth $34 billion. "There is no justification for such action", he said in a statement. "Consumers, businesses and the American jobs dependent on trade, are left in the crosshairs of an escalating global trade war".
The dramatic move by Trump sent a shockwave through Asian markets last night, with the Shanghai Composite index dropping 2.1 per cent and the CSI300 index of major Shanghai and Shenzhen stocks tumbling 2 per cent.
FILE PHOTO: A worker helps load steel bars onto a truck at warehouse of the Baifeng Iron and Steel Corporation in Tangshan, Hebei province, China August 3, 2015.
The S&P 500 and Dow futures dropped 1%, indicating Wall Street would open lower, while Japan's Nikkei declined 1.5%.
The US has announced its plans to impose taxes on a further $200 billion worth of Chinese imports, in retaliation for China's retaliation to America's first round of tariffs.
Sarah Palin claims Sacha Baron Cohen duped her for talk
The politician went on to say she thought she was being interviewed by a disabled USA veteran for a legitimate documentary. She ended the post with one last call out, writing, "Feel good and manly about your M.O., Sacha? ".
The list names more than 6,000 items including food products, minerals and consumer goods such as handbags.
Some US business groups and senior lawmakers were quick to criticise the move.
Senate Finance Committee Chairman Orrin Hatch, R-Utah, responded to Lighthizer's announcement with dismay. The U-S Chamber of Commerce says the proposed measure would ultimately hurt American families.
"This is an appropriate response under the authority of Section 301 to obtain the elimination of China's harmful industrial policies".
The earliest they would come into effect is September.
China slammed the USA threat to expand tariff hikes to imports including apples, fish sticks and French doors as a "totally unacceptable" escalation of their trade battle on Wednesday and vowed to protect its "core interests".
World stocks fell and the dollar rose Wednesday after Washington threatened to hammer Beijing with tariffs on a further $200 billion of Chinese imports, ratcheting up the global trade war.
We do not have details about their exact condition, but this extraordinary rescue mission now appears to have come to an end. A former Thai Navy SEAL died while helping install oxygen tanks in preparation for the extraction.
The bacteria is more risky to those with compromised immune systems, like Perez, who has Parkinson's disease. Angel Perez, 60, of Millville, Jersey, was catching crabs last week (left and right) off the Maurice River.
Cardi B has filed a $15 million countersuit against her ex manager Klenord "Shaft" Raphael , TMZ is reporting . Cardi B is preparing for motherhood by going after her former manager for trying to control her life .
Pakistan didn't help themselves with some sloppy fielding, which included dropping Finch on the first ball he faced. Cricketers Glenn Maxwell and Peter Siddle have both been involved in fiery gestures.
Skygazers are gearing up for a once-in-a-lifetime opportunity to watch the longest total lunar eclipse of the 21st century. Stargazers will also be treated with another unusual astronomical phenomenon - Mars will be closest to Earth.
However, the wheels were soon looking wobbly on "Von Rooyen's Express" and all-and-sundry, including Knox taking full advantage. It is the first time Knox has been in the world's top-50 since August 2017 having dropped as low at 137th in May this year.
But some experts question Trump's strategy in raising the issue on Wednesday, days before he's due to meet with Russia's leader. Merkel, for her part, called the two nations "good partners" and said "we wish to continue to cooperate in the future".
The first trailer for Goosebumps: Haunted Halloween has finally arrived, and it brings the ghastly thrills and ghoulish chills. The first film made $156.7 million on a $58 million budget, and hit #1 on the sales charts when it was released on home video.
That is because Athens has always been upset FYR Macedonia is too similar to a region in northern Greece called Macedonia. A spokesperson for the Greek government said that Greece "will not tolerate anything that violates global law".
A closer look at the alleged DJI Mavic 2 photo revealed that it looked like a sleeker and more aerodynamic DJI Mavic Pro. If the DJI Mavic 2 leak shows an accurate image, there are still some remaining questions about the next DJI drone.
Bluster aside, US and China vulnerable to pain from tariffs
The loss was devastating: AMSC's stock shed $1 billion in value, and the company cut 700 jobs, more than half its workforce. China has imposed tariffs of 25 percent on hundreds of American products in retaliation for U.S. duties on Chinese goods.
India becomes sixth-largest economy, squeezing past France
The World Bank forecasted India as the world's fastest growing economy "as factors holding back growth in India fade". India's GDP reached $2.597 trillion in 2017, while it was at USA $2.582 trillion for France, the World Bank said.
Fowler: Southgate treats England players like adults
Dele Alli believes this England squad is bringing the country together as they chase World Cup glory in Russian Federation . Just before the hour Trippier was again the provider with the cross that saw Dele Ali double England's lead.
Apple squashes bug that caused Taiwan to crash iPhones
Apple has since moved to squash the bug, and as a result, typing Taiwan into iMessage on an iPhone in China doesn't crash it. The filter, apparently, was to block the flag and name of Taiwan from users in the heavily-censored mainland China.
Will do our best to ensure oil supply to India: Iran
In November, deals involving Iran's oil and energy sector, shipping and ports, and insurance services will be prohibited. Iran supplied 18.4 million tonnes of crude oil during April 2017 and January 2018 (first 10 months of 2017-18 fiscal).
Japanese nurse admits to killing at least 20 patients
Investigators found tiny punctures in the rubber seals of the bags, indicating that the antiseptic had been injected into them. Former colleagues said they were shocked to learn that Kuboki, who started working at the hospital in 2015, had been arrested.
Harold Varner III tied for lead at the Greenbriar
Mickelson double-bogeyed the hole and finished with a 74 on Sunday, at 1 under for the tournament and in a tie for 65th. Four players shot 65 on Thursday, and many more crowded the leaderboard after posting 66s to start the tournament.