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Trump’s most recent ultimatum to impose an additional complete levy on Chinese goods has been described as a “typical example” of US double standards, according to the China’s leadership.

A representative of the ministry further commented that Beijing could enact its own unrevealed “retaliatory steps” if the White House occupant executes his threat, adding that the country was “not afraid” of a possible commercial battle.

This past Friday, Trump responded at the Chinese government’s action to strengthen its regulations for overseas sales of rare earths, charging Beijing of “adopting a confrontational stance” and attempting to hold the global community “captive”.

Furthermore, he vowed to pull out of a scheduled talks with Beijing’s head of state Xi Jinping, which was expected to take place during a conference in Seoul before the month ends.

His statements on that day unsettled global markets, with the S&P 500 closing down over two and a half percent, marking its largest decline since earlier this year.

The president’s words renewed concerns of a trade war between the two economic giants.

In May, the two sides had consented to eliminate high import duties on each other’s products, which had raised the prospect of trade halting between the two nations.

As a result, United States levies on Chinese goods incurring an added 30% levy compared with the year’s onset, while US goods entering the country incur a ten percent duty.

China’s latest remarks – issued by the Ministry of Commerce in the manner of written responses to journalist’s questions – echoed rhetoric from the zenith of the ongoing trade dispute.

They criticised US export restrictions on chips and semi-conductors while defending the country’s own restrictions on exports on rare earths as “normal actions” to safeguard domestic safety and that of all nations.

The spokesperson remarked that for “a long time”, the America had “broadened the definition” of national security, exploited foreign shipment regulations and “implemented” biased policies against the Chinese nation.

“Resorting to trade levy ultimatums is not the proper method to deal with Beijing,” their representative said.

“The nation’s view” on a trade conflict has consistently been steady: we do not want one, but we are not afraid of one.”

The previous week, China declared it was tightening export controls on key elements and additional substances vital for high-technology production.

This move was regarded as a significant step, as the nation processes about ninety percent of the planet’s critical minerals, which are utilized in items such as solar panels and smartphones.

The recent comments from the US and China are being seen by analysts as a method of enhancing bargaining power prior to upcoming negotiations.

It is unclear whether a summit between the former president and Xi Jinping, planned at a summit in the Republic of Korea before month’s end, will take place as planned.