China Accuses America of ‘Contradictory Stances’ Over Import Duty Ultimatum

Donald Trump’s most recent warning to introduce an further full import duty on products from China has been described as a “prime illustration” of American hypocrisy, according to the China’s leadership.

A official from China’s Commerce Ministry additionally remarked that China could introduce its own unspecified “countermeasures” if the US President executes his pledge, adding that the country was “not afraid” of a potential trade war.

Last Friday, Donald Trump hit back at the Chinese government’s action to tighten its rules for exports of rare earth minerals, alleging the Chinese leadership of “turning aggressive” and attempting to hold the world “captive”.

Furthermore, he vowed to withdraw from a arranged meeting with Beijing’s head of state Xi Jinping, which was expected to take place during a summit in the Republic of Korea in the coming weeks.

The former president’s remarks on Friday unsettled global markets, with the benchmark US stock index dropping over two and a half percent, marking its steepest fall since April.

The president’s words renewed fears of a trade war between the two economic giants.

Earlier this year, the respective governments had agreed to drop triple-digit tariffs on each other’s goods, which had led to concerns of commerce ceasing between the two countries.

Consequently, United States levies on products from China incurring an extra 30% levy compared with the start of the year, while items from the United States entering the country are subject to a import levy.

China’s latest remarks – published by the relevant government department in the format of written responses to media inquiries – echoed terminology from the height of the recent trade conflict.

Officials denounced United States controls on chips and semi-conductors while justifying the country’s own export controls on key elements as “standard procedures” to ensure domestic safety and that of the global community.

The spokesperson stated that for “many years”, the US had “broadened the definition” of national security, exploited foreign shipment regulations and “adopted biased policies against China.

“Using” tariff threats is not the right way to interact with the Chinese government,” the spokesperson said.

“Beijing’s stance” on a trade conflict has remained consistent: we are not seeking one, but we are unafraid of one.”

Recently, Beijing announced it was strengthening foreign shipment restrictions on key elements and other materials vital for advanced tech manufacturing.

The action was viewed as a important measure, as the state processes about 90% of the world’s rare earths, which are utilized in items such as solar panels and handheld devices.

Latest statements from both governments are being seen by observers as a method of bolstering negotiating stances prior to future trade talks.

Remains uncertain whether a summit between the former president and China’s leader, planned at a summit in South Korea in the coming weeks, will still proceed.