Washington (CNN) President Donald Trump put his strong economic reviews at risk Sunday by threatening to escalate tariffs on $200 billion of Chinese goods "shortly" ahead of a critical week of negotiations between the two countries to end a yearlong tit-for-tat trade war.

Trump warned Sunday that he would lift tariffs Friday on a bundle of Chinese goods to 25% from the current 10% threshold, reactivating a threat he removed months ago just as it appears the two economic superpowers are on their way to a deal. He also warned he would tax nearly all of Chinese exports to the United States.

Trump appeared to be reviving an old playbook by threatening to ratchet up tariffs on Beijing in the hopes of applying additional pressure on China to force negotiators to strike a deal as early as this week. Earlier this year, Trump said he was prepared to enact new sanctions, and increase existing ones, if a deal wasn't struck by a hard deadline of March 1, but indefinitely shelved those plans.

The President's renewed tariff threat alarmed investors Sunday, sending stock futures down. The Dow was down more than 400 points Sunday evening, while the Nasdaq was down more than 100 points.

Chinese negotiators led by Vice Premier Liu He are scheduled to arrive in Washington on Wednesday with a very large delegation, the latest signal that two sides may be nearing the end stage of a comprehensive trade deal that will end a trade impasse that has rattled Wall Street.

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