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Donald Trump’s latest threat to introduce an further full import duty on items imported from China has been described as a “typical example” of US double standards, per the Beijing administration.

A Commerce Ministry spokesperson also stated that the nation could introduce its own undisclosed “countermeasures” if the White House occupant executes his threat, adding that the country was “not afraid” of a possible trade war.

Last Friday, Donald Trump hit back at Beijing’s move to strengthen its rules for overseas sales of rare earth minerals, charging the Chinese leadership of “becoming very hostile” and attempting to hold the international market “hostage”.

He also vowed to cancel a scheduled summit with Chinese leader Xi Jinping, which was arranged for a conference in South Korea before the month ends.

His statements on that day shook financial markets, with the S&P 500 dropping nearly three percent, marking its steepest fall since earlier this year.

His comments revived apprehensions of a trade conflict between the two economic giants.

This past spring, the respective governments had reached an agreement to remove high import duties on each other’s imports, which had created the possibility of commerce ceasing between the two nations.

Consequently, United States levies on Chinese goods incurring an extra thirty percent tariff compared with the start of the year, while items from the United States entering China incur a import levy.

Beijing’s recent statements – released by the Ministry of Commerce in the form of formal replies to press queries – reflected language from the height of the latest commercial tensions.

They criticised US export restrictions on chips and semi-conductors while justifying China’s own restrictions on exports on rare earth minerals as “normal actions” to ensure national security and that of the global community.

The official said that for “a long time”, the US had “expanded the interpretation” of domestic safety, misused foreign shipment regulations and “enforced” biased policies against Beijing.

“Using” trade levy ultimatums is not the correct approach to interact with China,” the official commented.

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

Recently, Beijing announced it was reinforcing export controls on rare earths and further resources vital for cutting-edge industry.

This move was regarded as a significant step, as the state handles about the vast majority of the world’s rare earths, which are used in goods such as solar panels and handheld devices.

The recent comments from Washington and Beijing are being viewed by analysts as a strategy of bolstering negotiating stances in preparation for future trade talks.

It is unclear whether a summit between Donald Trump and Xi Jinping, planned at a high-level meeting in the Republic of Korea later this month, will still proceed.