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Trump’s latest threat to enforce an extra full import duty on items imported from China has been called a “classic case” of US double standards, as stated by the Chinese government.

A representative of the ministry also stated that the nation could enact its own unrevealed “countermeasures” if the American leader carries out his threat, noting that the country was “fearless” of a possible commercial battle.

On Friday, Donald Trump retaliated at China’s decision to tighten its rules for overseas sales of rare earths, alleging China of “adopting a confrontational stance” and attempting to hold the international market “hostage”.

He also warned to pull out of a planned talks with Chinese leader Xi Jinping, which was set for a summit in Seoul before the month ends.

His statements on that day rattled global markets, with the S&P 500 dropping 2.7%, marking its steepest fall since last spring.

The president’s words renewed fears of a trade conflict between the US and China.

Earlier this year, the both nations had agreed to drop triple-digit tariffs on each other’s imports, which had raised the prospect of trade halting between the economic powers.

This left, US tariffs on Chinese goods incurring an extra 30% levy compared with the beginning of 2025, while items from the United States entering China incur a 10% tariff.

Beijing’s recent statements – published by the relevant government department in the manner of written responses to media inquiries – reflected terminology from the zenith of the recent trade conflict.

They criticised United States controls on chips and semi-conductors while supporting the country’s own restrictions on exports on key elements as “normal actions” to protect national security and that of every country.

The spokesperson said that for “a long time”, the United States had “broadened the definition” of state security, abused overseas sale restrictions and “adopted discriminatory practices against the Chinese nation.

“Using” trade levy ultimatums is not the proper method to deal with China,” their representative commented.

“The nation’s view” on a trade conflict has always been consistent: we wish to avoid one, but we are fearless of one.”

Recently, Beijing revealed it was reinforcing export controls on key elements and other materials vital for cutting-edge industry.

The action was viewed as a important measure, as the country refines about the vast majority of the planet’s critical minerals, which are employed in items such as solar panels and smartphones.

The recent comments from Washington and Beijing are being interpreted by some as a method of bolstering negotiating stances ahead of future trade talks.

It is unclear whether a talks between Donald Trump and President Xi, scheduled at a summit in South Korea in the coming weeks, will take place as planned.