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The former US president’s latest threat to enforce an further complete levy on products from China has been labeled a “classic case” of American hypocrisy, per the China’s leadership.

A Commerce Ministry spokesperson further commented that Beijing could implement its own unrevealed “responsive actions” if the White House occupant executes his warning, adding that the country was “fearless” of a looming trade conflict.

Last Friday, the former president hit back at China’s decision to reinforce its regulations for foreign shipments of rare earths, alleging China of “turning aggressive” and attempting to hold the global community “under its control”.

He also vowed to cancel a arranged talks with Chinese leader Xi, which was expected to take place during a conference in the Republic of Korea before the month ends.

His statements on last Friday unsettled stock exchanges, with the S&P 500 share index falling by 2.7%, marking its largest decline since April.

The president’s words revived fears of a trade conflict between the United States and China.

In May, the both nations had reached an agreement to drop triple-digit tariffs on each other’s imports, which had created the possibility of bilateral trade stopping between the two nations.

This left, United States levies on Chinese goods facing an additional import tax compared with the year’s onset, while American products entering China are subject to a ten percent duty.

Beijing’s recent statements – published by the relevant government department in the format of official answers to journalist’s questions – reflected terminology from the peak of the recent trade conflict.

Officials denounced American limits on exports on chips and semi-conductors while supporting Beijing’s overseas sale regulations on rare earth minerals as “standard procedures” to safeguard state interests and that of every country.

Their representative said that for “many years”, the US had “broadened the definition” of national security, exploited export control measures and “enforced” biased policies against Beijing.

“Resorting to import duty warnings is not the proper method to deal with the Chinese government,” the spokesperson stated.

“Beijing’s stance” on a import duty dispute has always been steady: we do not want one, but we are fearless of one.”

Recently, the Chinese government announced it was strengthening foreign shipment restrictions on rare earth minerals and further resources vital for high-technology production.

This move was regarded as a significant step, as the country handles about ninety percent of the planet’s critical minerals, which are employed in items such as photovoltaic modules and handheld devices.

New remarks from the US and China are being interpreted by analysts as a method of enhancing bargaining power ahead of future trade talks.

Is not yet known whether a meeting between the former president and Xi Jinping, expected at a high-level meeting in Seoul in the coming weeks, will still proceed.