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Trump’s newest warning to enforce an extra complete levy on Chinese goods has been labeled a “typical example” of US double standards, as stated by the Beijing administration.

A official from China’s Commerce Ministry additionally remarked that the nation could enact its own undisclosed “responsive actions” if the White House occupant executes his pledge, noting that the country was “not afraid” of a potential trade war.

This past Friday, Donald Trump hit back at the Chinese government’s action to reinforce its policies for exports of rare earths, accusing the Chinese leadership of “turning aggressive” and attempting to hold the global community “captive”.

Furthermore, he threatened to cancel a arranged meeting with Chinese leader President Xi, which was arranged for a summit in Seoul before the month ends.

His statements on last Friday unsettled financial markets, with the benchmark US stock index dropping over two and a half percent, marking its steepest fall since last spring.

The president’s words renewed apprehensions of a trade conflict between the two economic giants.

In May, the both nations had reached an agreement to remove significant levies on each other’s imports, which had led to concerns of commerce ceasing between the two nations.

This left, American import duties on products from China subject to an extra import tax compared with the start of the year, while American products entering the country are subject to a ten percent duty.

China’s latest remarks – issued by the relevant government department in the format of official answers to press queries – mirrored rhetoric from the height of the recent trade conflict.

They criticised US export restrictions on electronic components while defending the country’s own overseas sale regulations on rare earth minerals as “normal actions” to safeguard domestic safety and that of the global community.

The spokesperson stated that for “many years”, the United States had “expanded the interpretation” of state security, abused overseas sale restrictions and “enforced” discriminatory practices against Beijing.

“Turning to” import duty warnings is not the proper method to interact with China,” the official said.

“Beijing’s stance” on a import duty dispute has consistently been steady: we wish to avoid one, but we are fearless of one.”

The previous week, China announced it was strengthening export controls on key elements and additional substances vital for cutting-edge industry.

This move was regarded as a key move, as the nation handles about 90% of the planet’s critical minerals, which are used in items such as renewable energy components and handheld devices.

Latest statements from both governments are being seen by analysts as a strategy of enhancing bargaining power in preparation for future trade talks.

Is not yet known whether a summit between the former president and China’s leader, expected at a summit in Seoul before month’s end, will take place as planned.