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Donald Trump’s newest ultimatum to introduce an further complete levy on items imported from China has been described as a “classic case” of US double standards, per the China’s leadership.

A Commerce Ministry spokesperson further commented that the nation could enact its own unspecified “responsive actions” if the US President follows through on his warning, noting that the country was “not afraid” of a potential commercial battle.

This past Friday, Donald Trump responded at the Chinese government’s action to reinforce its policies for exports of critical elements, alleging China of “turning aggressive” and attempting to hold the global community “hostage”.

He also vowed to withdraw from a scheduled meeting with China’s President Xi, which was arranged for a summit in the Republic of Korea in the coming weeks.

His statements on last Friday shook financial markets, with the S&P 500 share index closing down 2.7%, marking its largest decline since last spring.

These statements renewed apprehensions of a commercial dispute between the United States and China.

This past spring, the both nations had consented to drop triple-digit tariffs on each other’s products, which had led to concerns of trade halting between the two countries.

Consequently, American import duties on Chinese goods incurring an extra 30% levy compared with the year’s onset, while items from the United States entering China incur a 10% tariff.

China’s latest remarks – published by the relevant government department in the manner of written responses to press queries – mirrored terminology from the height of the ongoing trade dispute.

They criticised United States controls on semiconductors and chips while justifying Beijing’s export controls on rare earth minerals as “routine measures” to protect state interests and that of all nations.

Their representative stated that for “an extended period”, the US had “overstretched the concept of domestic safety, abused foreign shipment regulations and “enforced” biased policies against Beijing.

“Turning to” import duty warnings is not the correct approach to interact with the Chinese government,” their representative said.

“Beijing’s stance” on a import duty dispute has consistently been steady: we are not seeking one, but we are not afraid of one.”

The previous week, Beijing announced it was strengthening overseas sale regulations on rare earth minerals and further resources essential to high-technology production.

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

The recent comments from both governments are being interpreted by analysts as a means of enhancing bargaining power prior to upcoming negotiations.

It is unclear whether a talks between Donald Trump and China’s leader, planned at a high-level meeting in Seoul before month’s end, will take place as planned.