President Trump mulling trade actions against China: Report

President Trump is also considering possible trade actions against China, increasingly frustrated over Beijing's inaction on North Korea and bilateral trade issues.

Three senior administration officials told Reuters that Trump was impatient with China and was looking at a range of options, including tariffs on steel imports, which have previously been discussed by Commerce Secretary Wilbur Ross.

It remains unclear whether the President will actually take action.

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The Trumpadministration has also slammed China for its poor human rights record, placing it on a list of the world's worst human trafficking offenders along with Sudan and North Korea.

In its annual "Trafficking in Persons Report" released Tuesday, the State Department stated that ethnic Uighurs were being coerced into forced labor, and Beijing was repatriating North Koreans without checking to see if they were trafficking victims.

Beijing "does not fully meet the minimum standards for the elimination of trafficking and is not making significant efforts to do so," the report said.