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Trump’s newest ultimatum to impose an further full import duty on products from China has been labeled a “typical example” of American hypocrisy, as stated by the Chinese government.

A Commerce Ministry spokesperson also stated that the nation could enact its own unrevealed “responsive actions” if the American leader follows through on his threat, adding that the country was “fearless” of a possible trade war.

Last Friday, Donald Trump hit back at the Chinese government’s action to strengthen its policies for exports of rare earths, accusing Beijing of “becoming very hostile” and attempting to hold the international market “captive”.

Furthermore, he warned to withdraw from a planned meeting with Chinese leader President Xi, which was arranged for a conference in South Korea before the month ends.

The former president’s remarks on Friday unsettled global markets, with the S&P 500 share index dropping 2.7%, marking its steepest fall since last spring.

The president’s words renewed fears of a trade war between the US and China.

This past spring, the two sides had consented to drop high import duties on each other’s products, which had created the possibility of commerce ceasing between the two nations.

As a result, US tariffs on Chinese imports incurring an extra thirty percent tariff compared with the year’s onset, while US goods entering China face a ten percent duty.

China’s latest remarks – issued by the Commerce Ministry in the form of written responses to journalist’s questions – reflected rhetoric from the peak of the recent trade conflict.

Officials denounced American limits on exports on semiconductors and chips while justifying the country’s own restrictions on exports on rare earth minerals as “routine measures” to safeguard state interests and that of all nations.

The official stated that for “an extended period”, the US had “broadened the definition” of state security, exploited foreign shipment regulations and “implemented” biased policies against the Chinese nation.

“Using” tariff threats is not the correct approach to deal with the Chinese government,” the official said.

“The nation’s view” on a tariff war has remained unchanging: we are not seeking one, but we are not afraid of one.”

Recently, Beijing declared it was reinforcing foreign shipment restrictions on rare earths and additional substances vital for advanced tech manufacturing.

This was seen as a important measure, as the country refines about ninety percent of the planet’s critical minerals, which are utilized in items such as solar panels and handheld devices.

New remarks from Washington and Beijing are being interpreted by observers as a means of enhancing bargaining power ahead of future trade talks.

Is not yet known whether a meeting between Trump and Xi Jinping, planned at a summit in the Republic of Korea in the coming weeks, will take place as planned.