By Jessica Domel
Multimedia Reporter

Citing a threat to U.S. companies, workers and farmers, President Donald Trump announced his intent to levy a 10 percent tariff on an additional $200 billion in Chinese goods Monday evening.

The announcement comes on the heels of the announcement Friday for a 25 percent tariff on 818 Chinese exports to the United States valued at $34 billion.

“Unfortunately, China has determined that it will raise tariffs on $50 billion worth of United States exports,” Trump said. “China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology.”

The tariffs announced by Trump on Friday will go into effect July 6.

The administration is also considering a 25 percent tariff on an additional 284 products worth about $16 billion.

China announced its intent to impose tariffs of a similar size and intensity.

“This latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage, which is reflect in our massive $376 billion trade imbalance in goods,” Trump said. “This is unacceptable.”

The 10 percent tariffs announced Monday evening will be levied after the legal process is complete if China refuses to change its practices and insists on moving forward with its retaliatory tariffs, according to the White House.

“If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion in goods,” Trump said. “The trade relationship between the United States and China must be much more equitable.”

After the announcement, the Chinese Ministry of Commerce said it will take counter-measures if the United States publishes an additional tariff list.

China previously threatened tariffs on U.S. soybeans, beef, whisky, chemicals, corn and sorghum products, cotton and some varieties of wheat.

The Trump administration is expected to announce investment restrictions and enhanced export controls on China by the end of the month as a result of an investigation into China’s use of data and intellectual property from American businesses.