President Donald Trump is on the verge of slapping new tariffs on Canada and Mexico while doubling a levy on China, moves that would dramatically expand his push to revive domestic manufacturing, tap new revenues and rebalance ties with the biggest US trading partners.

Representatives for the White House could not be immediately reached for comment on the planned announcement, which was included on the president's daily schedule.

China's Commerce Ministry on Tuesday vowed to retaliate against fresh U.S. import tariffs set to take effect later in the day, reiterating its stance that the Trump administration was trying to "shift the blame" and "bully" Beijing over fentanyl flows.

Beijing said it was “strongly dissatisfied” with President Donald Trump’s move to raise tariffs on Chinese goods and said it would “take countermeasures.”

China has vowed to respond to new US import tariffs set to take effect on March 4, escalating trade tensions between the world’s two largest economies. The Chinese Commerce Ministry condemned the latest round of duties imposed by the Trump administration,