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The former US president’s latest warning to impose an extra complete levy on products from China has been called a “typical example” of US double standards, according to the China’s leadership.

A representative of the ministry also stated that Beijing could implement its own unrevealed “retaliatory steps” if the White House occupant executes his threat, emphasizing that the country was “unafraid” of a looming commercial battle.

This past Friday, Trump retaliated at Beijing’s move to strengthen its rules for foreign shipments of rare earth minerals, alleging Beijing of “turning aggressive” and attempting to hold the global community “hostage”.

Additionally, he vowed to cancel a planned meeting with Chinese leader President Xi, which was set for a meeting in Seoul before the month ends.

The former president’s remarks on that day shook financial markets, with the S&P 500 share index closing down 2.7%, marking its largest decline since last spring.

The president’s words revived concerns of a trade war between the US and China.

In May, the both nations had consented to eliminate significant levies on each other’s goods, which had raised the prospect of commerce ceasing between the two countries.

As a result, US tariffs on Chinese imports subject to an added thirty percent tariff compared with the year’s onset, while US goods entering China face a 10% tariff.

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

They criticised US export restrictions on electronic components while defending China’s own export controls on rare earth minerals as “routine measures” to safeguard domestic safety and that of every country.

The spokesperson said that for “a long time”, the United States had “broadened the definition” of domestic safety, abused export control measures and “enforced” unfair treatments against Beijing.

“Using” trade levy ultimatums is not the proper method to engage with China,” their representative stated.

“The nation’s view” on a trade conflict has remained consistent: we wish to avoid one, but we are unafraid of one.”

Last week, Beijing revealed it was reinforcing export controls on key elements and additional substances critical for advanced tech manufacturing.

This was seen as a significant step, as the state handles about ninety percent of the world’s rare earths, which are utilized in items such as renewable energy components and mobile phones.

Latest statements from the US and China are being viewed by analysts as a method of bolstering negotiating stances ahead of forthcoming discussions.

Remains uncertain whether a talks between Trump and President Xi, planned at a summit in Seoul later this month, will take place as planned.