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The former US president’s most recent ultimatum to enforce an further full import duty on Chinese goods has been described as a “typical example” of American hypocrisy, according to the Beijing administration.

A representative of the ministry further commented that China could implement its own unrevealed “countermeasures” if the White House occupant follows through on his threat, emphasizing that the country was “not afraid” of a looming trade conflict.

Last Friday, Donald Trump hit back at Beijing’s move to reinforce its rules for overseas sales of critical elements, accusing Beijing of “turning aggressive” and attempting to hold the world “captive”.

Furthermore, he threatened to withdraw from a arranged talks with Chinese leader President Xi, which was expected to take place during a conference in South Korea later this month.

Trump’s comments on last Friday unsettled global markets, with the S&P 500 share index falling by nearly three percent, marking its largest decline since last spring.

These statements revived apprehensions of a trade war between the United States and China.

In May, the respective governments had consented to drop high import duties on each other’s goods, which had led to concerns of commerce ceasing between the economic powers.

As a result, American import duties on Chinese goods incurring an added thirty percent tariff compared with the year’s onset, while US goods entering the Chinese market face a import levy.

The most recent comments from China – published by the Commerce Ministry in the manner of formal replies to media inquiries – echoed language from the peak of the latest commercial tensions.

Officials denounced US export restrictions on electronic components while defending Beijing’s export controls on rare earth minerals as “standard procedures” to safeguard national security and that of every country.

Their representative stated that for “many years”, the America had “broadened the definition” of state security, exploited overseas sale restrictions and “implemented” unfair treatments against Beijing.

“Using” import duty warnings is not the proper method to engage with Beijing,” the spokesperson commented.

“Beijing’s stance” on a trade conflict has consistently been steady: we are not seeking one, but we are fearless of one.”

Recently, the Chinese government declared it was tightening foreign shipment restrictions on rare earths and other materials critical for cutting-edge industry.

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

Latest statements from Washington and Beijing are being seen by analysts as a method of strengthening positions ahead of upcoming negotiations.

It is unclear whether a talks between the former president and President Xi, scheduled at a high-level meeting in Seoul later this month, will still proceed.