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Trump’s most recent ultimatum to enforce an extra full import duty on Chinese goods has been called a “classic case” of American hypocrisy, per the Chinese government.

A representative of the ministry additionally remarked that the nation could implement its own unrevealed “countermeasures” if the White House occupant executes his warning, adding that the country was “fearless” of a potential trade conflict.

Last Friday, Trump responded at China’s decision to reinforce its rules for exports of rare earth minerals, alleging Beijing of “turning aggressive” and attempting to hold the global community “hostage”.

Additionally, he vowed to withdraw from a arranged summit with Beijing’s head of state Xi, which was set for a summit in Seoul before the month ends.

Trump’s comments on last Friday rattled stock exchanges, with the S&P 500 share index dropping 2.7%, marking its largest decline since April.

The president’s words revived concerns of a trade war between the United States and China.

In May, the respective governments had reached an agreement to eliminate high import duties on each other’s goods, which had raised the prospect of commerce ceasing between the economic powers.

Consequently, American import duties on Chinese imports facing an extra thirty percent tariff compared with the year’s onset, while American products entering China incur a import levy.

The most recent comments from China – issued by the relevant government department in the manner of formal replies to journalist’s questions – reflected terminology from the peak of the ongoing trade dispute.

Officials denounced United States controls on semiconductors and chips while justifying Beijing’s overseas sale regulations on rare earths as “routine measures” to ensure state interests and that of every country.

The spokesperson remarked that for “many years”, the America had “overstretched the concept of national security, abused overseas sale restrictions and “enforced” unfair treatments against the Chinese nation.

“Using” trade levy ultimatums is not the right way to deal with Beijing,” the official said.

“Beijing’s stance” on a trade conflict has consistently been steady: we are not seeking one, but we are unafraid of one.”

Recently, China revealed it was strengthening foreign shipment restrictions on key elements and further resources vital for cutting-edge industry.

The action was viewed as a key move, as the nation processes about 90% of the world’s rare earths, which are utilized in products such as solar panels and mobile phones.

The recent comments from Washington and Beijing are being viewed by observers as a method of enhancing bargaining power in preparation for forthcoming discussions.

Is not yet known whether a summit between Trump and Xi Jinping, expected at a conference in Seoul later this month, will still proceed.