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In July, Washington imposed tariffs on $34 billion worth of Chinese goods.

The Trump administration has accused China of unfair trade practices, and President Donald Trump has long vowed to bring down the United States' trade deficit in goods with Beijing.

The dispute has continued to escalate, as Trump last week threatened to jack up the tariff rate on the next $200 billion in Chinese imports his administration plans to target to 25 percent, from the planned 10 percent.

China is slapping additional tariffs of 25 percent on $16 billion worth of USA imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world's largest economies escalated their trade dispute.

While trade tensions are being ratcheting up, China's trade surplus with the USA stood at US$28.1 billion in July, close to the record-high in June, data released Wednesday showed.

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Analysts from Oxford Economics have predicted that China's GDP growth may slow to 6.4 per cent this year, from 6.9 per cent in 2017, as the effects of the trade war weigh.

Although the move was expected, it solidifies the view that there appears to be no effort underway to defuse the dispute between the world's two largest economies. "The risk is that the USA administration's gamble to strong-arm China into giving into all United States demands without some compromise only leads to successive rounds of higher and higher tariffs".

The new tariffs on USA goods will be 25 percent.

The world's two biggest economies are locked in a trade dispute over Washington's charges that China uses predatory tactics in a drive to supplant US technological supremacy.

World financial markets have taken a battering in recent months as fears grow that Trump's "America First" policies could derail a global economic revival.

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The latest USA tariffs on 279 products, including motorcycles, speedometers and antennas, will also take effect August 23.

"Certain people go against the tide for their own private ends and go against morality; the barrier of tariffs wantonly rise, and the stick of hegemony is raised all around", the commentary said.

Trade tensions between the USA and China have been intensifying over recent months with each country imposing levies on mutual imports with extra duties.

The latest $16 billion list will hit semiconductors from China, even though numerous basic chips in these products originate from the United States, Taiwan or South Korea.

U.S Customs will begin collecting duties on 279 product lines ranging from motorcycles to steam turbines and railway cars, the US Trade Representative's Office said in an emailed statement on Tuesday.

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