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.

Chinas Commerce Ministry has strongly opposed new U.S. tariffs on Chinese products linked to fentanyl, calling them unreasonable and groundless. The ministry accused the U.S. of using the fentanyl crisis as a pretext

The Trump administration has argued that China supplies chemicals used in fentanyl production. China has denied wrongdoing.