In a statement released on its website the ministry said the tariffs were necessary because the U.S. side has "repeatedly escalated the situation despite the interests of both enterprises and consumers".
The Chinese Commerce Ministry said a decision to impose additional tariffs was made in response to USA plan to raise tariffs on Dollars 200 billion of Chinese goods from 10 per cent to 25 per cent, state-run Xinhua news agency reported.
U.S. President Donald Trump takes part in a welcoming ceremony with China's President Xi Jinping on November 9, 2017, in Beijing.
There will be "others who will be offering barrels to China, so it could find itself able to replace lost volumes from the U.S.", Atkinson said.
The Chinese government said Friday that it would impose duties of 25%, 20%, 10% and 5% on the products if the Trump administration follows through on threats to tax $200 billion of Chinese goods. After earlier action against $34 billion of US goods, that left about $120 billion for retaliation.
Beijing's Customs Tariff Commission of the State Council said the tariffs would range from 5 percent to 25 percent.
It comes at a time when the United States has several large-scale LNG export facilities under construction, and after Trump's late 2017 trip to China that included executives from U.S. LNG companies. And U.S. pork and recycled aluminum was hit with a 25 percent tariff.
The Chinese Commerce Ministry blamed the US for escalating the situation.
"China has to take necessary countermeasures to defend its dignity and the interests of its people."
"They better not underestimate the President", Mr Kudlow said in an interview on Fox Business Network.China's trading partners complain those might violate its market-opening pledges by subsidizing or shielding Chinese companies from competition.
"China always believes that consultation on the basis of mutual respect, equality and mutual benefit is an effective way to resolve trade differences", the commerce ministry said.
Trump campaigned on a promise to bring down America's massive trade deficits by renegotiating trade agreements and getting tough on countries like China that sell the USA far more than they buy from it.
"The US and China have backup plans in areas like technology and agriculture, where they can look towards importing from third-party nations", Ye Tan, an independent Chinese economic analyst, told AFP.
"As the total value of goods under tariffs shoots up, China has little choice but to use LNG and others to top up the value", said Lin Boqiang, professor on energy studies at China's Xiamen University.