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Donald Trump’s most recent ultimatum to introduce an further complete levy on items imported from China has been called a “typical example” of US double standards, per the Beijing administration.

A representative of the ministry also stated that Beijing could enact its own unrevealed “countermeasures” if the White House occupant carries out his pledge, emphasizing that the country was “fearless” of a possible trade conflict.

Last Friday, Trump responded at the Chinese government’s action to tighten its rules for foreign shipments of critical elements, alleging Beijing of “adopting a confrontational stance” and attempting to hold the international market “under its control”.

He also vowed to withdraw from a scheduled summit with Beijing’s head of state President Xi, which was expected to take place during a conference in South Korea before the month ends.

His statements on Friday rattled financial markets, with the S&P 500 share index dropping 2.7%, marking its largest decline since earlier this year.

These statements revived apprehensions of a commercial dispute between the two economic giants.

In May, the both nations had agreed to remove significant levies on each other’s imports, which had created the possibility of trade halting between the two countries.

As a result, United States levies on Chinese goods incurring an additional 30% levy compared with the start of the year, while items from the United States entering the Chinese market face a ten percent duty.

China’s latest remarks – released by the Ministry of Commerce in the manner of written responses to media inquiries – mirrored rhetoric from the height of the latest commercial tensions.

Officials denounced American limits on exports on semiconductors and chips while supporting China’s own export controls on rare earth minerals as “normal actions” to ensure domestic safety and that of all nations.

The official remarked that for “many years”, the America had “expanded the interpretation” of national security, abused foreign shipment regulations and “implemented” discriminatory practices against Beijing.

“Turning to” import duty warnings is not the proper method to deal with Beijing,” their representative said.

“The nation’s view” on a trade conflict has remained consistent: we do not want one, but we are not afraid of one.”

Recently, China revealed it was tightening foreign shipment restrictions on rare earth minerals and other materials essential to advanced tech manufacturing.

The action was viewed as a important measure, as the country processes about ninety percent of the global rare earth supply, which are utilized in products such as photovoltaic modules and smartphones.

New remarks from Washington and Beijing are being interpreted by observers as a strategy of strengthening positions prior to forthcoming discussions.

Is not yet known whether a meeting between the former president and China’s leader, planned at a conference in South Korea before month’s end, will still proceed.