U.S. President Donald Trump will speak with Chinese President Xi Jinping as soon as this week, Trump's spokesperson said, setting up a major diplomatic exchange as the world's two largest economies seek a deal that could avert a broader trade war.

The White House said Friday that President Donald Trump would impose a 25% tariff on goods coming to the U.S. from Canada and Mexico and a 10% tariff on those from China on Saturday, a move that could drive up prices for products coming into the U.

President Trump will enact 25% tariffs on Mexico and Canada starting Saturday, as well as a 10% tariff on China.

U.S. President Donald Trump will speak with Chinese President Xi Jinping within the next couple of days, setting up a major diplomatic exchange as the superpowers seek a deal that could avert a broader trade war.

Trump campaigned heavily on tariffs and threatened to implement them against Canada and Mexico on Inauguration Day, which was later pushed back to Feb. 1.

Trump had been threatening the tariffs to ensure greater cooperation from the countries on stopping illegal immigration.

President Donald Trump said he will impose tariffs of 25% on exports to the United States and 10% from Canada.

China unveiled multiple countermeasures on Tuesday, immediately after new U.S. tariffs on its imports took effect. This marks the latest development in an escalating trade dispute that began with President Donald Trump’s weekend announcement of broad tariffs targeting multiple trading partners.

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