Trump, 69, said this tax on Chinese product could be as high as 45 percent.

"Now, they're going for more. I don't know if you know it, but they have the largest devaluation in their history about three months ago. And, by the way, that devaluation, largest in two decades. Now, I hear they want to devalue again. And, all it means is businesses are going to be unable to compete with China," the New York based real estate tycoon said.

''If you look at our trade deficit with China, have you taken a look at that lately? We're talking about USD 400 to USD 500 billion dollars a year," he said. Trump said that they are losing USD 400 to USD 500 billion dollars, in terms of a trade deficit with China.

"So, we have to shake it up. We have to get our great business people to negotiate for us because we have people negotiating our deals with China, with Japan, with Mexico, with all of these countries that our eating our lunch," he said.

Asserting that China has full control over North Korea, Trump said Beijing should solve the problem of Pyongyang.

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