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Donald Trump’s most recent warning to impose an additional complete levy on products from China has been labeled a “typical example” of US double standards, per the China’s leadership.

A representative of the ministry additionally remarked that the nation could enact its own undisclosed “retaliatory steps” if the White House occupant carries out his pledge, emphasizing that the country was “not afraid” of a looming trade war.

On Friday, Donald Trump responded at Beijing’s move to reinforce its policies for foreign shipments of rare earth minerals, alleging Beijing of “turning aggressive” and attempting to hold the international market “under its control”.

Additionally, he vowed to withdraw from a planned meeting with China’s President President Xi, which was expected to take place during a conference in South Korea before the month ends.

His statements on Friday shook global markets, with the S&P 500 falling by 2.7%, marking its steepest fall since last spring.

These statements renewed concerns of a trade war between the US 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 commerce ceasing between the economic powers.

This left, American import duties on products from China subject to an extra thirty percent tariff compared with the start of the year, while items from the United States entering China are subject to a 10% tariff.

Beijing’s recent statements – issued by the Commerce Ministry in the form of written responses to press queries – echoed language from the zenith of the ongoing trade dispute.

The remarks condemned American limits on exports on chips and semi-conductors while defending China’s own restrictions on exports on rare earth minerals as “routine measures” to ensure national security and that of the global community.

The official remarked that for “many years”, the United States had “expanded the interpretation” of domestic safety, abused export control measures and “implemented” discriminatory practices against the Chinese nation.

“Using” tariff threats is not the right way to engage with Beijing,” the official commented.

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

The previous week, Beijing declared it was tightening foreign shipment restrictions on rare earths and additional substances essential to high-technology production.

The action was viewed as a key move, as the country handles about 90% of the global rare earth supply, which are utilized in goods such as renewable energy components and mobile phones.

The recent comments from Washington and Beijing are being seen by some as a method of enhancing bargaining power ahead of upcoming negotiations.

Remains uncertain whether a talks between the former president and President Xi, scheduled at a summit in South Korea before month’s end, will take place as planned.