🔗 Share this article Beijing Slams America of ‘Hypocritical Policies’ Over Import Duty Ultimatum The former US president’s newest warning to enforce an extra complete levy on items imported from China has been labeled a “classic case” of United States’ contradictory behavior, as stated by the Beijing administration. A Commerce Ministry spokesperson additionally remarked that China could enact its own unrevealed “responsive actions” if the US President executes his threat, emphasizing that the country was “fearless” of a potential trade conflict. On Friday, Donald Trump retaliated at China’s decision to tighten its rules for overseas sales of critical elements, charging Beijing of “becoming very hostile” and attempting to hold the global community “captive”. Additionally, he threatened to withdraw from a arranged summit with Chinese leader Xi Jinping, which was arranged for a conference in South Korea later this month. His statements on that day unsettled stock exchanges, with the benchmark US stock index falling by over two and a half percent, marking its biggest drop since earlier this year. The president’s words renewed concerns of a commercial dispute between the US and China. This past spring, the both nations had agreed to remove significant levies on each other’s imports, which had created the possibility of commerce ceasing between the two nations. This left, US tariffs on products from China incurring an additional import tax compared with the start of the year, while American products entering the country incur a ten percent duty. China’s latest remarks – released by the Commerce Ministry in the manner of written responses to journalist’s questions – mirrored language from the height of the recent trade conflict. The remarks condemned American limits on exports on electronic components while justifying Beijing’s export controls on rare earth minerals as “standard procedures” to protect domestic safety and that of the global community. The spokesperson stated that for “a long time”, the United States had “broadened the definition” of national security, abused export control measures and “enforced” unfair treatments against China. “Turning to” trade levy ultimatums is not the right way to engage with Beijing,” their representative commented. “The nation’s view” on a trade conflict has remained unchanging: we do not want one, but we are fearless of one.” The previous week, China announced it was reinforcing overseas sale regulations on rare earth minerals and further resources essential to high-technology production. This move was regarded as a key move, as the country refines about the vast majority of the global rare earth supply, which are used in items such as photovoltaic modules and mobile phones. New remarks from both governments are being seen by analysts as a strategy of enhancing bargaining power in preparation for future trade talks. Remains uncertain whether a talks between the former president and Xi Jinping, planned at a high-level meeting in South Korea later this month, will still proceed.