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Trump’s newest threat to impose an extra complete levy on products from China has been labeled a “prime illustration” of American hypocrisy, per the China’s leadership.

A Commerce Ministry spokesperson also stated that Beijing could introduce its own undisclosed “countermeasures” if the White House occupant follows through on his pledge, noting that the country was “not afraid” of a looming trade war.

This past Friday, the former president retaliated at Beijing’s move to reinforce its rules for exports of critical elements, charging Beijing of “turning aggressive” and attempting to hold the international market “captive”.

Furthermore, he vowed to pull out of a arranged talks with China’s President Xi Jinping, which was expected to take place during a meeting in Seoul later this month.

Trump’s comments on that day rattled stock exchanges, with the benchmark US stock index falling by over two and a half percent, marking its biggest drop since earlier this year.

The president’s words revived apprehensions of a trade conflict between the US and China.

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

Consequently, United States levies on products from China facing an added thirty percent tariff compared with the year’s onset, while US goods entering the country incur a import levy.

Beijing’s recent statements – issued by the Commerce Ministry in the manner of formal replies to press queries – mirrored terminology from the zenith of the ongoing trade dispute.

Officials denounced US export restrictions on chips and semi-conductors while justifying the country’s own overseas sale regulations on rare earth minerals as “normal actions” to safeguard national security and that of all nations.

The official remarked that for “an extended period”, the United States had “overstretched the concept of state security, abused overseas sale restrictions and “adopted discriminatory practices against Beijing.

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

“Beijing’s stance” on a import duty dispute has always been consistent: we are not seeking one, but we are fearless of one.”

Last week, China revealed it was reinforcing foreign shipment restrictions on rare earth minerals and additional substances critical for high-technology production.

The action was viewed as a significant step, as the country refines about ninety percent of the planet’s critical minerals, which are utilized in goods such as photovoltaic modules and smartphones.

The recent comments from the US and China are being interpreted by some as a strategy of strengthening positions prior to forthcoming discussions.

Is not yet known whether a summit between Trump and President Xi, planned at a conference in South Korea in the coming weeks, will still proceed.