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Donald Trump’s newest ultimatum to enforce an further complete levy on items imported from China has been labeled a “classic case” of US double standards, according to the Beijing administration.

A official from China’s Commerce Ministry also stated that the nation could enact its own undisclosed “responsive actions” if the White House occupant executes his warning, noting that the country was “not afraid” of a possible trade war.

On Friday, the former president responded at Beijing’s move to strengthen its rules for overseas sales of rare earths, accusing Beijing of “becoming very hostile” and attempting to hold the global community “captive”.

Furthermore, he warned to withdraw from a scheduled summit with Chinese leader Xi, which was set for a conference in Seoul before the month ends.

The former president’s remarks on Friday unsettled stock exchanges, with the S&P 500 share index falling by over two and a half percent, marking its biggest drop since April.

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

This past spring, the both nations had consented to eliminate triple-digit tariffs on each other’s products, which had led to concerns of trade halting between the economic powers.

Consequently, United States levies on products from China facing an added thirty percent tariff compared with the start of the year, while US goods entering China are subject to a 10% tariff.

Beijing’s recent statements – issued by the Commerce Ministry in the format of official answers to press queries – mirrored language from the zenith of the ongoing trade dispute.

Officials denounced American limits on exports on chips and semi-conductors while defending the country’s own export controls on key elements as “routine measures” to safeguard state interests and that of all nations.

Their representative stated that for “many years”, the United States had “overstretched the concept of state security, exploited foreign shipment regulations and “adopted biased policies against China.

“Turning to” trade levy ultimatums is not the right way to engage with Beijing,” the official stated.

“Beijing’s stance” on a import duty dispute has consistently been consistent: we do not want one, but we are unafraid of one.”

The previous week, Beijing announced it was reinforcing export controls on rare earths and other materials essential to high-technology production.

This move was regarded as a important measure, as the country processes about ninety percent of the planet’s critical minerals, which are used in items such as photovoltaic modules and handheld devices.

The recent comments from both governments are being seen by observers as a means of bolstering negotiating stances prior to forthcoming discussions.

Remains uncertain whether a summit between the former president and China’s leader, expected at a high-level meeting in South Korea in the coming weeks, will take place as planned.