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Trump’s newest ultimatum to introduce an extra complete levy on items imported from China has been labeled a “classic case” of American hypocrisy, according to the Beijing administration.

A Commerce Ministry spokesperson additionally remarked that China could implement its own unrevealed “responsive actions” if the US President executes his warning, emphasizing that the country was “not afraid” of a possible trade conflict.

On Friday, the former president retaliated at Beijing’s move to tighten its policies for overseas sales of rare earths, accusing Beijing of “becoming very hostile” and attempting to hold the world “hostage”.

Additionally, he warned to pull out of a scheduled summit with Chinese leader President Xi, which was arranged for a meeting in the Republic of Korea in the coming weeks.

The former president’s remarks on that day shook global markets, with the S&P 500 dropping over two and a half percent, marking its biggest drop since April.

These statements renewed fears of a trade war between the two economic giants.

This past spring, the both nations had reached an agreement to eliminate significant levies on each other’s products, which had led to concerns of commerce ceasing between the two nations.

Consequently, US tariffs on Chinese imports subject to an additional 30% levy compared with the start of the year, while American products entering the Chinese market incur a import levy.

China’s latest remarks – published by the Commerce Ministry in the format of written responses to journalist’s questions – echoed terminology from the zenith of the recent trade conflict.

The remarks condemned United States controls on chips and semi-conductors while defending China’s own overseas sale regulations on rare earths as “routine measures” to protect domestic safety and that of all nations.

Their representative stated that for “a long time”, the America had “broadened the definition” of domestic safety, abused overseas sale restrictions and “adopted discriminatory practices against Beijing.

“Resorting to import duty warnings is not the right way to deal with the Chinese government,” their representative said.

“The nation’s view” on a tariff war has always been consistent: we do not want one, but we are fearless of one.”

The previous week, China announced it was reinforcing overseas sale regulations on key elements and additional substances vital for high-technology production.

This move was regarded as a significant step, as the state refines about ninety percent of the planet’s critical minerals, which are employed in items such as renewable energy components and smartphones.

New remarks from both governments are being interpreted by some as a method of enhancing bargaining power prior to future trade talks.

Is not yet known whether a summit between Donald Trump and President Xi, scheduled at a summit in South Korea in the coming weeks, will go ahead.