And the investment and export control actions will be officially promulgated on June 30.
In a brief statement, the White House said the president plans to take "multiple steps" to protect domestic technology and intellectual property from certain "discriminatory and burdensome trade practices by China".
Tariffs of 25 per cent will be applied to Chinese imports containing important technologies, including those related to Beijing's Made-in-China 2025 development program, the White House said.
The United States intends to impose restrictions on some of China's investments and customs duties of 25% on certain categories of its goods supplied to the USA market, the White House press service said on Tuesday.
The list of imports that will be covered will be announced by June 15, the White House said, and the tariffs will be imposed "shortly thereafter".
It announced that the United States would take multiple steps to protect domestic technology and intellectual property from certain discriminatory and burdensome trade practices by China.
The statement added. "This is obviously contrary to the consensus reached between the two sides in Washington not long ago".
China pressed the U.S.to give ZTE a break after the Commerce Department cut off the company from USA suppliers to punish it for allegedly lying to American officials in a sanctions case.
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These actions were announced following a report of the Office of the US Trade Representative regarding China's practices with respect to technology transfer, intellectual property and innovation.
"For instance the United States charges a 2.5 percent tariff on Chinese cars, while China now maintains a 25 percent tariff on cars from the United States", the White House said.
The US will request that tariffs and taxes between the two countries be reciprocal in nature and value.
A day later, Mnuchin said Trump's government had put its punitive tariff plan "on hold while we try to execute the framework" agreement on reducing China's trade surplus with the United States, pegged at US$375 billion in 2017.
Earlier this month, the U.S. Department of Defense banned all smartphones and mobile modems from Chinese manufacturers ZTE and Huawei on all U.S. military bases worldwide.
In retaliation, China announced plans to impose new tariffs of 25 per cent worth United States dollars 50 billion on 106 American products including items like soybeans which could hurt American farmers.