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Donald Trump’s newest ultimatum to impose an extra full import duty on Chinese goods has been called a “classic case” of American hypocrisy, according to the Chinese government.

A official from China’s Commerce Ministry additionally remarked that Beijing could enact its own unrevealed “responsive actions” if the US President executes his pledge, adding that the country was “not afraid” of a looming trade conflict.

On Friday, Donald Trump retaliated at the Chinese government’s action to strengthen its policies for overseas sales of critical elements, accusing China of “becoming very hostile” and attempting to hold the international market “captive”.

Additionally, he warned to withdraw from a arranged talks with China’s President Xi, which was arranged for a meeting in South Korea later this month.

Trump’s comments on that day shook global markets, with the S&P 500 dropping nearly three percent, marking its biggest drop since April.

The president’s words revived concerns of a commercial dispute between the two economic giants.

In May, the both nations had reached an agreement to drop high import duties on each other’s imports, which had led to concerns of commerce ceasing between the two nations.

Consequently, American import duties on Chinese goods subject to an extra 30% levy compared with the year’s onset, while American products entering the Chinese market are subject to a import levy.

Beijing’s recent statements – released by the Ministry of Commerce in the manner of written responses to journalist’s questions – mirrored rhetoric from the peak of the ongoing trade dispute.

The remarks condemned American limits on exports on chips and semi-conductors while supporting China’s own export controls on rare earths as “routine measures” to safeguard national security and that of all nations.

The spokesperson stated that for “a long time”, the America had “expanded the interpretation” of state security, abused overseas sale restrictions and “adopted unfair treatments against the Chinese nation.

“Using” tariff threats is not the right way to deal with China,” their representative commented.

“The nation’s view” on a tariff war has always been steady: we wish to avoid one, but we are unafraid of one.”

Recently, Beijing declared it was strengthening foreign shipment restrictions on rare earths and additional substances essential to high-technology production.

This was seen as a significant step, as the state handles about ninety percent of the planet’s critical minerals, which are used in products such as solar panels and handheld devices.

The recent comments from Washington and Beijing are being interpreted by analysts as a method of bolstering negotiating stances prior to forthcoming discussions.

Remains uncertain whether a meeting between the former president and Xi Jinping, scheduled at a high-level meeting in the Republic of Korea before month’s end, will go ahead.