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The former US president’s most recent threat to introduce an further complete levy on items imported from China has been labeled a “typical example” of American hypocrisy, as stated by the Beijing administration.

A official from China’s Commerce Ministry also stated that the nation could introduce its own unrevealed “responsive actions” if the US President follows through on his threat, emphasizing that the country was “fearless” of a looming trade war.

This past Friday, Donald Trump retaliated at the Chinese government’s action to reinforce its policies for foreign shipments of rare earth minerals, alleging the Chinese leadership of “turning aggressive” and attempting to hold the global community “hostage”.

Furthermore, he threatened to withdraw from a planned summit with China’s President President Xi, which was set for a conference in South Korea in the coming weeks.

His statements on Friday rattled stock exchanges, with the S&P 500 share index falling by nearly three percent, marking its largest decline since April.

The president’s words reignited apprehensions of a commercial dispute between the United States and China.

In May, the two sides had reached an agreement to drop significant levies on each other’s imports, which had led to concerns of trade halting between the economic powers.

This left, US tariffs on products from China facing an additional thirty percent tariff compared with the start of the year, while US goods entering the Chinese market are subject to a 10% tariff.

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

Officials denounced United States controls on chips and semi-conductors while supporting Beijing’s overseas sale regulations on rare earth minerals as “routine measures” to protect state interests and that of every country.

The official said that for “a long time”, the United States had “overstretched the concept of state security, misused overseas sale restrictions and “adopted discriminatory practices against China.

“Resorting to trade levy ultimatums is not the proper method to interact with the Chinese government,” the spokesperson commented.

“The nation’s view” on a trade conflict has always been unchanging: we are not seeking one, but we are unafraid of one.”

Last week, China revealed it was strengthening foreign shipment restrictions on rare earth minerals and further resources vital for advanced tech manufacturing.

This move was regarded as a important measure, as the country processes about 90% of the world’s rare earths, which are employed in items such as solar panels and handheld devices.

Latest statements from both governments are being interpreted by observers as a strategy of strengthening positions ahead of future trade talks.

It is unclear whether a summit between the former president and China’s leader, scheduled at a summit in the Republic of Korea later this month, will still proceed.