While others in the administration are also clearly concerned about China's growing geopolitical influence and see its "One Belt, One Road" initiative as inimical to USA interests, Trump's perspective is narrower and more parochial.
"China should change its practices and come into the community of responsible trading nations", Kudlow said, stressing that he considers the USA economy in far better shape than China's to weather a prolonged trade war.
Yesterday, the WSJ reported that President Trump would move ahead with the increase in tariff rate and would introduce a 10% on iPhones as well as other consumer electronics.
Trump's threat of broader tariffs comes ahead of this week's G20 summit in Argentina where he's expected to meet with Chinese president Xi Jinping.
Trump said it is "highly unlikely" that he would accept China's request to hold off on raising the tariffs, according to the Journal.
Kudlow said he was not sure whether Trump and Xi would agree to a joint statement at the end of their dinner, as is typical for a meeting between two world leaders.
"If we don't make a deal, then I'm going to put the $267 billion additional on", Mr Trump was also quoted as saying.More news: Marcus Rashford Won't Get Better Under Jose Mourinho - Former Premier League Star
Trump's advice to all businesses that manufacture is to "build factories in the United States and to make the product here".
There's a potential that those lofty prices could go even higher thanks to the trade war between the United States and China that has been escalating at a rapid clip. "Otherwise, I don't see a deal being made", he emphasized.
Trump's remarks came just as the mood among investors had shown signs of brightening and Wall Street took heart from an upbeat holiday shopping period.
All three major USA indexes finished positive after spending much of the session in negative territory, as Kudlow said there is an opportunity to "turn the page" on a trade war with China.
Chinese government denies NYT report that it's spying on President Trump's mobile calls. What would the United States do?' Xu told a small group of reporters in Beijing on Tuesday, adding that China accounts for at least half of the market for many US listed companies.
And addressing the prospect of "winners and losers" in a new tariff game, he predicted that America is 'in far better shape to weather this than the Chinese are'.