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Donald Trump’s most recent ultimatum to impose an extra complete levy on items imported from China has been described as a “prime illustration” of US double standards, per the Beijing administration.

A official from China’s Commerce Ministry also stated that the nation could implement its own unrevealed “responsive actions” if the White House occupant executes his threat, emphasizing that the country was “not afraid” of a possible trade conflict.

This past Friday, Trump responded at the Chinese government’s action to tighten its policies for exports of rare earths, alleging Beijing of “turning aggressive” and attempting to hold the international market “hostage”.

Additionally, he threatened to cancel a scheduled meeting with Chinese leader Xi Jinping, which was arranged for a summit in Seoul later this month.

His statements on that day shook global markets, with the S&P 500 share index falling by nearly three percent, marking its largest decline since April.

The president’s words renewed fears of a commercial dispute between the United States and China.

This past spring, the both nations had reached an agreement to eliminate triple-digit tariffs on each other’s imports, which had raised the prospect of commerce ceasing between the economic powers.

As a result, United States levies on Chinese goods subject to an extra import tax compared with the start of the year, while US goods entering the country incur a 10% tariff.

Beijing’s recent statements – released by the Ministry of Commerce in the manner of written responses to media inquiries – mirrored rhetoric from the zenith of the latest commercial tensions.

Officials denounced American limits on exports on chips and semi-conductors while defending Beijing’s overseas sale regulations on rare earth minerals as “normal actions” to protect national security and that of the global community.

The official stated that for “a long time”, the United States had “overstretched the concept of state security, exploited overseas sale restrictions and “adopted unfair treatments against China.

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

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

Last week, China declared it was reinforcing foreign shipment restrictions on key elements and additional substances critical for advanced tech manufacturing.

This move was regarded as a important measure, as the nation refines about the vast majority of the planet’s critical minerals, which are used in items such as photovoltaic modules and mobile phones.

Latest statements from the US and China are being interpreted by analysts as a method of bolstering negotiating stances prior to future trade talks.

Is not yet known whether a summit between the former president and Xi Jinping, scheduled at a summit in South Korea before month’s end, will go ahead.