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The former US president’s latest ultimatum to introduce an further complete levy on Chinese goods has been called a “prime illustration” of American hypocrisy, as stated by the China’s leadership.

A Commerce Ministry spokesperson additionally remarked that the nation could enact its own unrevealed “responsive actions” if the White House occupant follows through on his pledge, adding that the country was “not afraid” of a potential commercial battle.

On Friday, Donald Trump responded at the Chinese government’s action to reinforce its policies for exports of rare earths, alleging China of “adopting a confrontational stance” and attempting to hold the world “under its control”.

Furthermore, he vowed to withdraw from a scheduled talks with China’s President Xi, which was set for a conference in Seoul in the coming weeks.

His statements on last Friday shook financial markets, with the benchmark US stock index dropping nearly three percent, marking its largest decline since last spring.

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

This past spring, the two sides had reached an agreement to eliminate triple-digit tariffs on each other’s imports, which had created the possibility of commerce ceasing between the two countries.

Consequently, American import duties on Chinese goods subject to an extra 30% levy compared with the start of the year, while American products entering China incur a 10% tariff.

China’s latest remarks – published by the Commerce Ministry in the form of official answers to journalist’s questions – mirrored language from the zenith of the latest commercial tensions.

Officials denounced US export restrictions on electronic components while supporting the country’s own export controls on rare earths as “routine measures” to protect domestic safety and that of the global community.

The official stated that for “a long time”, the United States had “expanded the interpretation” of national security, exploited export control measures and “implemented” discriminatory practices against China.

“Turning to” tariff threats is not the correct approach to deal with China,” the official stated.

“The nation’s view” on a tariff war has consistently been consistent: we do not want one, but we are unafraid of one.”

Last week, Beijing announced it was tightening overseas sale regulations on key elements and other materials critical for high-technology production.

This move was regarded as a key move, as the state refines about 90% of the planet’s critical minerals, which are used in goods such as renewable energy components and smartphones.

Latest statements from both governments are being viewed by observers as a means of bolstering negotiating stances prior to upcoming negotiations.

It is unclear whether a summit between the former president and Xi Jinping, scheduled at a conference in South Korea later this month, will still proceed.