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Trump’s latest ultimatum to enforce an extra complete levy on products from China has been called a “classic case” of American hypocrisy, as stated by the Beijing administration.

A Commerce Ministry spokesperson also stated that the nation could introduce its own unrevealed “countermeasures” if the US President follows through on his pledge, emphasizing that the country was “unafraid” of a possible trade war.

This past Friday, Donald Trump responded at China’s decision to strengthen its policies for exports of rare earths, alleging China of “becoming very hostile” and attempting to hold the international market “under its control”.

Additionally, he vowed to withdraw from a scheduled summit with Chinese leader President Xi, which was set for a conference in the Republic of Korea before the month ends.

The former president’s remarks on last Friday rattled financial markets, with the S&P 500 share index falling by nearly three percent, marking its largest decline since last spring.

These statements reignited concerns of a trade conflict between the United States and China.

Earlier this year, the two sides had consented to eliminate high import duties on each other’s goods, which had led to concerns of bilateral trade stopping between the economic powers.

As a result, US tariffs on products from China incurring an extra 30% levy compared with the year’s onset, while US goods entering the Chinese market are subject to a ten percent duty.

China’s latest remarks – published by the relevant government department in the manner of formal replies to journalist’s questions – mirrored terminology from the peak of the latest commercial tensions.

They criticised American limits on exports on electronic components while supporting China’s own export controls on key elements as “standard procedures” to protect national security and that of every country.

The official stated that for “many years”, the America had “broadened the definition” of domestic safety, misused export control measures and “adopted unfair treatments against Beijing.

“Using” tariff threats is not the right way to deal with China,” the official commented.

“The nation’s view” on a tariff war has remained steady: we do not want one, but we are not afraid of one.”

Last week, the Chinese government declared it was strengthening overseas sale regulations on rare earths and other materials essential to high-technology production.

This move was regarded as a important measure, as the country refines about 90% of the world’s rare earths, which are employed in goods such as renewable energy components and smartphones.

New remarks from Washington and Beijing are being seen by observers as a method of bolstering negotiating stances in preparation for upcoming negotiations.

Remains uncertain whether a meeting between Trump and Xi Jinping, planned at a high-level meeting in Seoul in the coming weeks, will take place as planned.