China responded to President Trump on Monday, accusing the US of violating their trade agreement and has vowed to protect its interests, making it less likely that Trump will get the leadership call he wants to restart trade talks.

The White House's efforts to foster an agreement between Russia and Ukraine are also expected to continue this week, with a direct meeting expected on Monday in Turkey.

President Donald Trump is using his love of tariffs to threaten high-profile American companies. Over the past month, Trump has said he’d like to target two specific and very different companies – Apple and Mattel – with tariffs aimed at their key products over comments by their CEOs.

President Trump would invoke other tariff authorities if his appeal of a trade court's ruling isn't successful, Commerce Secretary Lutnick said.

The president's plan - where countries face between 11% to more than 100% tariffs on goods brought into the US - was announced in April. But the majority of the tariffs were paused by Trump for 90 days in the wake of stock market volatility.