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The former US president’s most recent warning to introduce an extra full import duty on Chinese goods has been described as a “typical example” of American hypocrisy, per the Chinese government.

A Commerce Ministry spokesperson additionally remarked that the nation could enact its own undisclosed “responsive actions” if the American leader carries out his warning, noting that the country was “fearless” of a potential commercial battle.

On Friday, Donald Trump hit back at Beijing’s move to tighten its rules for foreign shipments of critical elements, accusing Beijing of “turning aggressive” and attempting to hold the global community “hostage”.

He also threatened to pull out of a arranged summit with Beijing’s head of state President Xi, which was arranged for a conference in Seoul before the month ends.

His statements on last Friday rattled financial markets, with the S&P 500 dropping 2.7%, marking its largest decline since last spring.

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

Earlier this year, the respective governments had agreed to drop triple-digit tariffs on each other’s imports, which had led to concerns of commerce ceasing between the two nations.

Consequently, US tariffs on products from China facing an extra thirty percent tariff compared with the year’s onset, while US goods entering the Chinese market face a import levy.

Beijing’s recent statements – issued by the Ministry of Commerce in the manner of written responses to press queries – echoed language from the zenith of the recent trade conflict.

The remarks condemned US export restrictions on chips and semi-conductors while defending the country’s own restrictions on exports on rare earths as “standard procedures” to protect domestic safety and that of the global community.

The official said that for “many years”, the America had “expanded the interpretation” of national security, misused foreign shipment regulations and “enforced” biased policies against the Chinese nation.

“Turning to” import duty warnings is not the correct approach to deal with China,” the official said.

“China’s position on a import duty dispute has always been consistent: we do not want one, but we are not afraid of one.”

The previous week, the Chinese government announced it was tightening overseas sale regulations on key elements and other materials essential to cutting-edge industry.

This was seen as a important measure, as the state handles about 90% of the planet’s critical minerals, which are utilized in items such as solar panels and handheld devices.

The recent comments from Washington and Beijing are being viewed by analysts as a strategy of enhancing bargaining power ahead of future trade talks.

Remains uncertain whether a talks between Donald Trump and Xi Jinping, planned at a high-level meeting in Seoul later this month, will take place as planned.