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Donald Trump has reiterated his goal to lower the US corporate tax rate to 15 per cent to "match" China .
But China has a standard corporate tax income rate of 25 per cent, according to the State Administration of Taxation .
While certain enterprises in industries encouraged by the Chinese government can qualify for a reduced rate of 15 per cent, the majority of businesses pay the higher rate.
The US President has said he hopes to lower the corporate tax rate from 35 to 15 per cent.
"It would bring us to the level where China and other countries are. And we will be able to compete with anybody," Mr Trump said.
In a tweet, he said: "China has a business tax rate of 15 per cent. We should do everything possible to match them in order to win with our economy. Jobs and wages!"
Trump arrives in Texas to reassure Harvey victims and marvel at crowd sizes There has been no comprehensive overhaul of the US tax code since 1986, and the starkly different visions embraced by the Democrats and Republicans for how to move forward promise to make such a task difficult.
Mr Trump has said the rich might see a hike in taxes as he pursues his tax overhaul by reaching out to Democrats to oppose cutting tax rates for the wealthy.
Donald Trump's international Presidential tripsShow all 22 1 /22Donald Trump's international Presidential trips Donald Trump's international Presidential trips French President Emmanuel Macron and US President Donald Trump
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Donald Trump's international Presidential trips French President Emmanuel Macron and US President Donald Trump talk as they leave the Army Museum at Les Invalides in Paris
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Donald Trump's international Presidential trips German Chancellor Angela Merkel and US President Donald Trump arrive for the group photo at the G7 Taormina summit on the island of Sicily in May 2017
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Donald Trump's international Presidential trips Mr Trump was pressed on the subject at the G7 summit in Italy
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Donald Trump's international Presidential trips US President Donald Trump gives a speeech at the Warsaw Uprising Monument on Krasinski Square
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Donald Trump's international Presidential trips US President Donald Trump and Britain's Prime Minister Theresa May during a ceremony at the NATO headquarters before the start of a summit in Brussels, Belgium
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Donald Trump's international Presidential trips Montenegro's Prime Minister Dusko Markovic is seen to the right of Donald Trump at a Nato summit in Brussels
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Donald Trump's international Presidential trips Pope Francis meeting with US President Donald J. Trump
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Donald Trump's international Presidential trips Pope Francis poses with US President Donald Trump and First Lady Melania Trump
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Donald Trump's international Presidential trips US President Donald Trump arrives at Palazzo del Quirinale ahead of the meeting with Italian President Sergio Mattarella
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Donald Trump's international Presidential trips US President Donald Trump is seen during a joint press conference with the Palestinian leader at the presidential palace in the West Bank city of Bethlehem
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Donald Trump's international Presidential trips Palestinian president Mahmoud Abbas meets US President Donald Trump
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Donald Trump's international Presidential trips Israeli Prime Minister Benjamin Netanyahu speaks with US President Donald Trump prior to the President's departure
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Donald Trump's international Presidential trips US President Donald Trump and Israel's Prime Minister Benjamin Netanyahu shake hands after delivering a speech at the Israel Museum
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Donald Trump's international Presidential trips US President Donald Trump and First Lady Melania Trump lay a wreath in the Hall of Remembrance as White House senior advisor Jared Kushner and Ivanka Trump watch on during a visit to the Yad Vashem Holocaust Memorial museum
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Donald Trump's international Presidential trips US President Donald Trump visit to Yad Vashem Holocaust museum in Jerusalem accompanied by Prime Minister Benjamin Netanyahu
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Donald Trump's international Presidential trips US President Donald Trump takes his seat before his speech to the Arab Islamic American Summit in Riyadh in Saudi Arabia
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Donald Trump's international Presidential trips Saudi Arabia's King Salman bin Abdulaziz al-Saud, US President Donald Trump and US First Lady Melania Trump look at a display of Saudi modern art at the Saudi Royal Court in Riyadh
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Donald Trump's international Presidential trips US President Donald Trump and Saudi Arabia's King Salman bin Abdulaziz al-Saud take part in a signing ceremony at the Saudi Royal Court in Riyadh
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Donald Trump's international Presidential trips King Salman presents Donald Trump with The Collar of Abdulaziz al-Saud Medal at the Royal Court Palace on 20 May
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Donald Trump's international Presidential trips US President Donald Trump is welcomed by Saudi King Salman bin Abdulaziz al-Saud upon arrival at King Khalid International Airport in Riyadh
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Donald Trump's international Presidential trips U.S. President Donald Trump and first lady Melania Trump walk on the South Lawn prior to their first foreign trip
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Democrats have criticised the Republican tax overhaul efforts for benefiting mainly the wealthiest Americans, but Mr Trump said the rich would not be making gains with the plan, which he said was geared toward providing the largest tax cut ever for the middle class and creating jobs.
"I think the wealthy will be pretty much where they are," the real estate mogul said of taxes on the rich, without specifying the income level.
"If they have to go higher, they'll go higher, frankly."
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