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Donald Trump’s most recent warning to introduce an additional 100% tariff on Chinese goods has been described as a “classic case” of American hypocrisy, per the China’s leadership.

A official from China’s Commerce Ministry also stated that Beijing could implement its own unrevealed “responsive actions” if the White House occupant executes his pledge, adding that the country was “fearless” of a potential commercial battle.

This past Friday, the former president responded at China’s decision to tighten its rules for overseas sales of critical elements, charging China of “turning aggressive” and attempting to hold the global community “captive”.

Additionally, he warned to pull out of a planned summit with Beijing’s head of state Xi Jinping, which was expected to take place during a meeting in South Korea in the coming weeks.

His statements on last Friday shook financial markets, with the S&P 500 falling by over two and a half percent, marking its steepest fall since last spring.

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

Earlier this year, the two sides had reached an agreement to drop triple-digit tariffs on each other’s imports, which had led to concerns of trade halting between the economic powers.

As a result, United States levies on Chinese goods incurring an extra thirty percent tariff compared with the year’s onset, while US goods entering the Chinese market are subject to a import levy.

China’s latest remarks – published by the Commerce Ministry in the manner of official answers to press queries – reflected terminology from the zenith of the recent trade conflict.

They criticised United States controls on chips and semi-conductors while supporting Beijing’s overseas sale regulations on rare earths as “standard procedures” to ensure national security and that of the global community.

Their representative stated that for “many years”, the US had “expanded the interpretation” of state security, abused overseas sale restrictions and “enforced” discriminatory practices against the Chinese nation.

“Resorting to tariff threats is not the right way to deal with China,” the official commented.

“The nation’s view” on a import duty dispute has remained steady: we wish to avoid one, but we are fearless of one.”

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

The action was viewed as a important measure, as the nation handles about the vast majority of the world’s rare earths, which are utilized in items such as solar panels and mobile phones.

The recent comments from Washington and Beijing are being interpreted by observers as a method of strengthening positions in preparation for future trade talks.

Remains uncertain whether a summit between Donald Trump and President Xi, scheduled at a high-level meeting in South Korea before month’s end, will still proceed.