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Trump’s newest ultimatum to impose an additional complete levy on Chinese goods has been called a “prime illustration” of United States’ contradictory behavior, as stated by the Chinese government.

A official from China’s Commerce Ministry additionally remarked that China could enact its own undisclosed “countermeasures” if the White House occupant follows through on his warning, noting that the country was “fearless” of a potential trade war.

On Friday, Trump responded at Beijing’s move to reinforce its regulations for foreign shipments of rare earths, alleging China of “becoming very hostile” and attempting to hold the international market “captive”.

He also vowed to cancel a arranged meeting with Chinese leader Xi, which was arranged for a meeting in the Republic of Korea later this month.

Trump’s comments on last Friday shook stock exchanges, with the S&P 500 share index dropping over two and a half percent, marking its biggest drop since earlier this year.

His comments revived apprehensions of a commercial dispute between the United States and China.

In May, the respective governments had agreed to remove triple-digit tariffs on each other’s imports, which had created the possibility of bilateral trade stopping between the economic powers.

As a result, American import duties on products from China incurring an additional thirty percent tariff compared with the year’s onset, while US goods entering China incur a 10% tariff.

China’s latest remarks – released by the Commerce Ministry in the manner of formal replies to press queries – reflected terminology from the peak of the recent trade conflict.

The remarks condemned American limits on exports on electronic components while defending the country’s own overseas sale regulations on rare earth minerals as “routine measures” to protect state interests and that of every country.

The official stated that for “many years”, the America had “broadened the definition” of state security, abused export control measures and “implemented” unfair treatments against the Chinese nation.

“Resorting to import duty warnings is not the correct approach to interact with Beijing,” their representative stated.

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

Recently, China revealed it was reinforcing export controls on key elements and additional substances essential to high-technology production.

The action was viewed as a significant step, as the country processes about ninety percent of the global rare earth supply, which are employed in items such as solar panels and handheld devices.

Latest statements from both governments are being seen by analysts as a means of bolstering negotiating stances prior to future trade talks.

Remains uncertain whether a summit between Trump and Xi Jinping, scheduled at a high-level meeting in Seoul in the coming weeks, will take place as planned.