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Donald Trump’s latest ultimatum to enforce an extra complete levy on Chinese goods has been called a “classic case” of US double standards, as stated by the China’s leadership.

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

On Friday, Donald Trump retaliated at China’s decision to tighten its regulations for foreign shipments of critical elements, alleging the Chinese leadership of “becoming very hostile” and attempting to hold the global community “hostage”.

He also threatened to pull out of a arranged summit with China’s President Xi Jinping, which was set for a meeting in South Korea before the month ends.

The former president’s remarks on last Friday unsettled global markets, with the S&P 500 share index closing down 2.7%, marking its steepest fall since April.

His comments renewed fears of a commercial dispute between the United States and China.

In May, the two sides had consented to eliminate significant levies on each other’s products, which had led to concerns of bilateral trade stopping between the economic powers.

As a result, United States levies on Chinese goods incurring an additional 30% levy compared with the start of the year, while American products entering the country face a ten percent duty.

China’s latest remarks – published by the Commerce Ministry in the form of official answers to press queries – reflected language from the peak of the ongoing trade dispute.

Officials denounced United States controls on semiconductors and chips while defending the country’s own export controls on key elements as “normal actions” to protect national security and that of the global community.

The official stated that for “an extended period”, the America had “broadened the definition” of national security, misused export control measures and “adopted discriminatory practices against Beijing.

“Turning to” tariff threats is not the proper method to engage with the Chinese government,” the spokesperson commented.

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

Recently, China declared it was strengthening foreign shipment restrictions on rare earths and further resources vital for high-technology production.

This move was regarded as a important measure, as the state refines about 90% of the planet’s critical minerals, which are used in products such as renewable energy components and mobile phones.

The recent comments from the US and China are being interpreted by observers as a strategy of strengthening positions prior to forthcoming discussions.

Remains uncertain whether a talks between the former president and China’s leader, planned at a high-level meeting in the Republic of Korea later this month, will take place as planned.