China will raise tariffs on all US goods from 84% to 125% with effect from April 12.
China's Finance Ministry stated that further tariffs from the US on Chinese products will be ignored.
The move comes after Trump hiked US levies on China.
"Given that there is no longer any possibility of market acceptance for US goods exported to China under the current tariff levels, if the US side subsequently continues to impose tariffs on Chinese goods exported to the US, the Chinese side will pay no attention to it," according to the statement.