The United States will impose a 10 percent tariff later this month on $200 billion worth of Chinese goods, increasing to 25 percent at the end of the year, the Trump administration announced Monday.

The additional tariffs are on top of penalties enacted earlier this year on USD 50 billion (around EUR 42.7 billion) worth of Chinese goods. Taken together, it means roughly half of the products that China sells to the United States each year will be hit by American tariffs.

In July, the administration published a list of thousands of products that would be subject to the latest round of trade penalties. More than 300 products were removed from that list, including smartwatches, health and safety devices and children's playpens.

Trump had urged his advisers to press forward with the USD 200 billion (around EUR 171.1 billion) round, even as Washington and Beijing worked to restart trade talks. Trump's decision threatens to upend the possibility of a diplomatic breakthrough with Chinese negotiators.

“China has had many opportunities to fully address our concerns,” Trump said in a statement released Monday evening by the White House. “Once again, I urge China's leaders to take swift action to end their country's unfair trade practices.”

Trump also threatened to inflict more economic pain in the form of additional tariffs if Beijing takes any retaliatory action.

China's Ministry of Commerce promised to hit back against the latest tariffs in a statement on Tuesday.

“In order to safeguard our legitimate rights and interests and the global free trade order, China will have to adopt countermeasures at the same time,” the ministry said. It did not elaborate on what the countermeasures would be, but China has previously threatened to retaliate with tariffs on an additional USD 60 billion (around EUR 51.3 billion) of US goods.

Treasury Secretary Steven Mnuchin had invited the Chinese negotiators to Washington this week to resume talks. But Beijing said Tuesday that “the US insistence on imposing tariffs brings new uncertainties” to those negotiations.

Larry Kudlow, the White House economic adviser, said earlier on Monday that the US was still willing to continue its dialogue with China.

The tariffs are meant to punish China for alleged unfair trade practices, including intellectual property theft. China has accused the United States of trade bullying and, to this point, has responded dollar-for-dollar with tariffs of its own.

The new round of American tariffs takes effect September 24.

(USD 1 = EUR 0.85)