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Trump’s newest warning to introduce an further complete levy on products from China has been labeled a “classic case” of US double standards, per the China’s leadership.

A Commerce Ministry spokesperson additionally remarked that China could enact its own unspecified “countermeasures” if the American leader follows through on his pledge, adding that the country was “fearless” of a looming commercial battle.

Last Friday, Donald Trump hit back at Beijing’s move to reinforce its rules for foreign shipments of rare earths, charging the Chinese leadership of “turning aggressive” and attempting to hold the world “hostage”.

Furthermore, he threatened to withdraw from a arranged talks with China’s President President Xi, which was arranged for a meeting in the Republic of Korea later this month.

His statements on last Friday unsettled financial markets, with the benchmark US stock index dropping nearly three percent, marking its steepest fall since last spring.

His comments renewed concerns of a trade war between the two economic giants.

Earlier this year, the two sides had reached an agreement to drop significant levies on each other’s goods, which had raised the prospect of trade halting between the two nations.

This left, United States levies on products from China subject to an additional thirty percent tariff compared with the year’s onset, while US goods entering China face a ten percent duty.

Beijing’s recent statements – issued by the Ministry of Commerce in the format of official answers to journalist’s questions – echoed rhetoric from the peak of the recent trade conflict.

Officials denounced US export restrictions on chips and semi-conductors while supporting Beijing’s export controls on rare earth minerals as “standard procedures” to safeguard domestic safety and that of the global community.

The spokesperson remarked that for “a long time”, the United States had “expanded the interpretation” of national security, misused export control measures and “adopted biased policies against China.

“Using” trade levy ultimatums is not the right way to deal with the Chinese government,” their representative stated.

“China’s position on a trade conflict has always been unchanging: we are not seeking one, but we are not afraid of one.”

Last week, Beijing declared it was strengthening overseas sale regulations on rare earth minerals and other materials essential to advanced tech manufacturing.

The action was viewed as a important measure, as the state refines about 90% of the planet’s critical minerals, which are used in goods such as solar panels and smartphones.

The recent comments from both governments are being interpreted by analysts as a method of bolstering negotiating stances in preparation for future trade talks.

Remains uncertain whether a summit between the former president and China’s leader, planned at a conference in the Republic of Korea before month’s end, will still proceed.