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Trump’s newest ultimatum to introduce an extra complete levy on Chinese goods has been called a “prime illustration” of American hypocrisy, as stated by the Beijing administration.

A Commerce Ministry spokesperson also stated that Beijing could implement its own undisclosed “countermeasures” if the White House occupant carries out his threat, emphasizing that the country was “fearless” of a potential trade war.

On Friday, the former president responded at China’s decision to strengthen its policies for overseas sales of critical elements, alleging China of “becoming very hostile” and attempting to hold the world “hostage”.

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

His statements on last Friday unsettled financial markets, with the S&P 500 share index falling by nearly three percent, marking its biggest drop since earlier this year.

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

This past spring, the respective governments had agreed to drop high import duties on each other’s goods, which had raised the prospect of bilateral trade stopping between the two countries.

As a result, American import duties on Chinese goods facing an additional thirty percent tariff compared with the year’s onset, while US goods entering the Chinese market incur a import levy.

Beijing’s recent statements – released by the relevant government department in the form of official answers to media inquiries – mirrored language from the zenith of the recent trade conflict.

The remarks condemned United States controls on chips and semi-conductors while defending Beijing’s overseas sale regulations on key elements as “normal actions” to safeguard domestic safety and that of every country.

Their representative stated that for “an extended period”, the America had “broadened the definition” of state security, misused overseas sale restrictions and “implemented” unfair treatments against Beijing.

“Turning to” import duty warnings is not the right way to interact with Beijing,” their representative commented.

“Beijing’s stance” on a import duty dispute has consistently been unchanging: we do not want one, but we are unafraid of one.”

The previous week, China announced it was strengthening export controls on rare earth minerals and further resources vital for cutting-edge industry.

This was seen as a important measure, as the country handles about the vast majority of the global rare earth supply, which are utilized in goods such as solar panels and handheld devices.

The recent comments from Washington and Beijing are being interpreted by some as a method of strengthening positions ahead of upcoming negotiations.

Remains uncertain whether a summit between Trump and President Xi, scheduled at a conference in Seoul in the coming weeks, will take place as planned.