The report said that China remained on the list because of its "disproportionate share of the overall US trade deficit", despite that China's current account surplus was only 1.8 percent of GDP in 2016, sharply down from 2.8 percent of GDP in 2015.
"Treasury also places high importance on greater transparency of China's exchange rate and reserve management operations and goals", said the report.
"It opens up the thinking in everyone's mind around the world that they can haggle for a better deal and get the U.S. to give up on longstanding positions", said Michael Green, the National Security Council's senior director for Asia in the Bush 43 White House.
Legendary news anchor Dan Rather shared his thoughts on President Donald Trump, North Korea, and the state of American journalism on Sunday's "Reliable Sources", on CNN.
McMaster would not provide specifics as to what actions the Trump administration will make towards the North Korean state.
The 100-day trade talks announced after a Sino-American presidential summit last week will aim to deal with decades of thorny trade issues, leaving some US business leaders wary that the short timeline might yield superficial results.
In the week that has passed, the two presidents have talked again with Trump calling Xi to discuss various issues.
Trump hopes China will play a role in de-escalating North Korea's development of its nuclear arsenal, and may be using a trade deal to secure China's support.
"I have great confidence that China will properly deal with North Korea".
On Saturday, thousands of protestors in a dozen USA cities took to the streets to protest Trump's decision not to release his tax returns.
Trump's tweet came after Secretary of State Rex Tillerson left Moscow following his meeting with Russian President Vladimir Putin and his Russian counterpart Sergey Lavrov.
Trump's shifts in foreign policy were a focal point in some of the interviews.
The Trump administration has debated responding to North Korea's aggressiveness by placing nuclear weapons in South Korea or by plotting to assassinate dictator Kim Jong Un, NBC News reported earlier this month.
Candidate Trump famously took a hard line on China and trade, while simultaneously signalling that he did not much care about China's geostrategic expansion and conflict with other Pacific powers, including the US.
On Saturday, Pyongyang celebrated the birthday of North Korea's founder Kim Il Sung by showing off new military hardware, including what appeared to be an intercontinental ballistic missile-sized canister, CNN reported. Even a conventional North Korean attack on Seoul could kill hundreds of thousands in that densely populated city.
North Korean leader Kim Jong-Un hailed that test as the "greatest success" and said it brought the U.S. mainland within range of a mobile delivery system.
Recent satellite images suggest its main nuclear site is "primed and ready", according to specialist U.S. website 38North, and White House officials say military options are already being assessed.
What are other political actors saying about the issue?
He continued: "But as the president has made very clear, either China will deal with this problem or the United States and our allies will".