Beijing Slams United States of ‘Hypocritical Policies’ Over Tariff Threat

Trump’s newest ultimatum to impose an extra full import duty on items imported from China has been called a “typical example” of US double standards, according to the China’s leadership.

A official from China’s Commerce Ministry additionally remarked that China could introduce its own unrevealed “responsive actions” if the American leader follows through on his warning, emphasizing that the country was “unafraid” of a looming trade war.

On Friday, the former president retaliated at China’s decision to tighten its policies for exports of rare earth minerals, charging China of “turning aggressive” and attempting to hold the global community “captive”.

He also vowed to withdraw from a scheduled talks with China’s President President Xi, which was expected to take place during a conference in the Republic of Korea later this month.

The former president’s remarks on last Friday shook financial markets, with the S&P 500 falling by nearly three percent, marking its biggest drop since last spring.

His comments reignited apprehensions of a trade war between the US and China.

In May, the two sides had reached an agreement to remove high import duties on each other’s products, which had raised the prospect of bilateral trade stopping between the two nations.

Consequently, US tariffs on Chinese goods subject to an extra thirty percent tariff compared with the start of the year, while US goods entering the country are subject to a 10% tariff.

China’s latest remarks – released by the relevant government department in the form of formal replies to journalist’s questions – reflected language from the height of the recent trade conflict.

They criticised US export restrictions on electronic components while defending Beijing’s export controls on key elements as “routine measures” to protect state interests and that of the global community.

The official said that for “many years”, the United States had “broadened the definition” of national security, misused export control measures and “implemented” discriminatory practices against Beijing.

“Turning to” trade levy ultimatums is not the correct approach to engage with Beijing,” the official stated.

“Beijing’s stance” on a import duty dispute has always been consistent: we are not seeking one, but we are not afraid of one.”

Last week, Beijing revealed it was reinforcing foreign shipment restrictions on key elements and further resources essential to high-technology production.

The action was viewed as a significant step, as the state processes about the vast majority of the planet’s critical minerals, which are used in items such as renewable energy components and smartphones.

The recent comments from both governments are being interpreted by some as a means of bolstering negotiating stances prior to future trade talks.

Remains uncertain whether a talks between Trump and China’s leader, expected at a conference in the Republic of Korea before month’s end, will take place as planned.