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The former US president’s most recent ultimatum to impose an extra full import duty on items imported from China has been described as a “classic case” of US double standards, according to the China’s leadership.

A representative of the ministry also stated that China could introduce its own unrevealed “retaliatory steps” if the American leader executes his warning, noting that the country was “not afraid” of a possible commercial battle.

On Friday, Trump responded at China’s decision to reinforce its policies for overseas sales of rare earths, alleging China of “turning aggressive” and attempting to hold the world “captive”.

Additionally, he warned to withdraw from a scheduled talks with Chinese leader Xi Jinping, which was set for a summit in the Republic of Korea later this month.

Trump’s comments on last Friday shook global markets, with the S&P 500 closing down over two and a half percent, marking its steepest fall since earlier this year.

These statements revived concerns of a trade conflict between the US and China.

In May, the both nations had reached an agreement to eliminate triple-digit tariffs on each other’s products, which had raised the prospect of commerce ceasing between the two countries.

This left, American import duties on Chinese imports facing an additional import tax compared with the year’s onset, while items from the United States entering China face a 10% tariff.

Beijing’s recent statements – issued by the relevant government department in the format of formal replies to media inquiries – reflected language from the height of the recent trade conflict.

They criticised American limits on exports on chips and semi-conductors while supporting the country’s own restrictions on exports on rare earth minerals as “standard procedures” to ensure domestic safety and that of all nations.

The official said that for “an extended period”, the America had “broadened the definition” of state security, abused overseas sale restrictions and “enforced” discriminatory practices against China.

“Resorting to import duty warnings is not the correct approach to deal with China,” their representative commented.

“China’s position on a trade conflict has remained consistent: we are not seeking one, but we are not afraid of one.”

Recently, China announced it was strengthening overseas sale regulations on key elements and additional substances critical for high-technology production.

The action was viewed as a important measure, as the state refines about the vast majority of the global rare earth supply, which are used in items such as solar panels and handheld devices.

The recent comments from both governments are being seen by some as a means of strengthening positions in preparation for forthcoming discussions.

Is not yet known whether a summit between the former president and President Xi, expected at a conference in Seoul before month’s end, will go ahead.