The Retail Industry Leaders Association (RILA), which represents retail giants such as Walmart, has sent a letter to Mr Trump, pleading with him to rethink imposing tariffs on China’s exports, as they believe this move could damage the finances of American families.
Reports indicate the tariffs could be officially unveiled to the world by Friday and would be primarily against Chinese consumer products, telecommunications and technology.
Currently, the US is preparing to place tariffs worth up to £42.7billion ($60billion) on Chinese imports.
Sandy Kennedy, president of RILA said: “This is not American industries crying wolf.
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"Higher tariffs will mean higher costs to businesses and in turn higher prices for American families.
"We must do right by American families, and make sure they are not the ones who will pay for China's harmful technology practices."
The letter addressed to the US President states “Families shopping in our stores pay higher prices because America already levies import taxes as much as 32 percent and 67 percent on basic clothes and shoes.
"Applying any additional broad-based tariff as part of a Section 301 action would worsen this inequity and punish American working families with higher prices on household basics like clothing, shoes, electronics, and home goods."
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The reasoning behind Mr Trump’s actions is that he believes China has imitated some of the US’ products and ideas, and then sold these items back to the US at a lower price.
If confirmed, the tariffs will be made legitimate under section 301 of the US’s trade act.
Section 301 can be evoked when the US believes other countries are not trading fairly, this law has given the US government the power to impose sanctions on other countries.
These tariffs have the potential to affect about 100 products with an emphasis on IT and consumer electronics.
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China has said that no one is a winner when involved in a trade war.
Mr Trump has also angered the European Union with possible talks of a trade war occurring after he imposed tariffs on steel and aluminium.
The Trump administration announced a 25 percent steel tariff and 10 percent tariff on imported aluminium earlier this month.
And the US President has also threatened to levy a tax on EU cars if the bloc does not remove “horrific” tariffs and trade barriers on a range of goods.