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Donald Trump’s newest warning to introduce an further complete levy on Chinese goods has been labeled a “prime illustration” of US double standards, as stated by the Chinese government.

A Commerce Ministry spokesperson additionally remarked that Beijing could implement its own unspecified “retaliatory steps” if the US President carries out his pledge, emphasizing that the country was “fearless” of a potential trade conflict.

Last Friday, Donald Trump retaliated at the Chinese government’s action to tighten its policies for overseas sales of critical elements, accusing Beijing of “turning aggressive” and attempting to hold the global community “under its control”.

Additionally, he threatened to pull out of a scheduled summit with Chinese leader President Xi, which was arranged for a meeting in South Korea before the month ends.

The former president’s remarks on Friday rattled global markets, with the S&P 500 share index falling by over two and a half percent, marking its steepest fall since last spring.

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

In May, the both nations had reached an agreement to drop significant levies on each other’s goods, which had led to concerns of commerce ceasing between the two countries.

Consequently, US tariffs on Chinese goods subject to an extra import tax compared with the beginning of 2025, while American products entering China incur a 10% tariff.

The most recent comments from China – published by the relevant government department in the manner of written responses to media inquiries – echoed terminology from the height of the ongoing trade dispute.

The remarks condemned American limits on exports on chips and semi-conductors while supporting Beijing’s export controls on key elements as “routine measures” to safeguard state interests and that of every country.

Their representative said that for “an extended period”, the America had “overstretched the concept of domestic safety, misused foreign shipment regulations and “adopted unfair treatments against Beijing.

“Turning to” trade levy ultimatums is not the right way to interact with Beijing,” the spokesperson stated.

“Beijing’s stance” on a tariff war has always been unchanging: we wish to avoid one, but we are unafraid of one.”

Recently, Beijing declared it was tightening foreign shipment restrictions on rare earth minerals and additional substances vital for high-technology production.

The action was viewed as a important measure, as the country handles about the vast majority of the planet’s critical minerals, which are employed in products such as photovoltaic modules and mobile phones.

Latest statements from both governments are being interpreted by analysts as a method of enhancing bargaining power prior to forthcoming discussions.

Is not yet known whether a meeting between Donald Trump and President Xi, expected at a conference in Seoul before month’s end, will still proceed.