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Trump’s newest ultimatum to introduce an extra complete levy on Chinese goods has been labeled a “typical example” of American hypocrisy, according to the China’s leadership.

A official from China’s Commerce Ministry also stated that Beijing could enact its own unrevealed “responsive actions” if the White House occupant follows through on his pledge, noting that the country was “not afraid” of a possible trade war.

This past Friday, Donald Trump retaliated at China’s decision to tighten its policies for foreign shipments of critical elements, accusing Beijing of “becoming very hostile” and attempting to hold the world “under its control”.

Additionally, he threatened to cancel a arranged talks with Chinese leader Xi, which was set for a meeting in the Republic of Korea in the coming weeks.

The former president’s remarks on last Friday rattled financial markets, with the benchmark US stock index dropping over two and a half percent, marking its largest decline since last spring.

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

This past spring, the both nations had agreed to remove triple-digit tariffs on each other’s imports, which had created the possibility of commerce ceasing between the two countries.

As a result, US tariffs on products from China subject to an added 30% levy compared with the year’s onset, while American products entering China incur a import levy.

China’s latest remarks – released by the Commerce Ministry in the manner of written responses to media inquiries – reflected terminology from the zenith of the recent trade conflict.

Officials denounced American limits on exports on semiconductors and chips while supporting Beijing’s restrictions on exports on rare earth minerals as “standard procedures” to ensure domestic safety and that of every country.

The official remarked that for “an extended period”, the US had “overstretched the concept of national security, exploited foreign shipment regulations and “enforced” biased policies against the Chinese nation.

“Using” trade levy ultimatums is not the proper method to engage with China,” their representative stated.

“Beijing’s stance” on a import duty dispute has remained steady: we do not want one, but we are not afraid of one.”

Last week, the Chinese government declared it was reinforcing foreign shipment restrictions on rare earth minerals and additional substances essential to advanced tech manufacturing.

This was seen as a important measure, as the country refines about the vast majority of the world’s rare earths, which are utilized in items such as photovoltaic modules and mobile phones.

Latest statements from Washington and Beijing are being viewed by some as a strategy of strengthening positions in preparation for forthcoming discussions.

It is unclear whether a talks between the former president and Xi Jinping, expected at a conference in Seoul in the coming weeks, will take place as planned.