Any sanctions decision would be a rare move on human rights grounds by President Donald Trump's administration
However, the IMF Managing Director emphasised that global economic growth remains at its highest level since 2011
Trump often accuses India of imposing 100% tariffs on American products
Trump described it as a 'very big deal' for the US and South Korea
Efforts at diplomacy have failed, with no breakthroughs since high-level talks began in May
At sea and in the sky, the US president's trade war with China has ignited a freight frenzy
By cutting duties on goods even as it retaliates against President Donald Trump's trade war with higher charges on some US goods, China is following through on long-stated goals to boost imports
Roberto Azevedo also warned that the commercial dispute between the world's two largest economies could escalate into other areas
Trump's remarks came a day after Trump announced that the US will slap 10% tariffs on $200 billion worth of Chinese imports
China's retaliatory tariffs, ranging from 5 per cent to 10 per cent on more than 5,000 items, will take effect on Sept 24
The tariff plan has been deferred to November 2, according to a notification from the finance ministry
Trump also touted the benefits his 25 per cent tariffs on steel imports have had so far on US industry
China is hoping that Wall Street will once again use its political heft to soothe tempers in Washington
Chinese and American officials have held a series of talks over the dispute, and reached at least one agreement which was subsequently abandoned by the US President
Trump is barreling ahead with his vow to punish China for alleged unfair trading practices, despite an invitation this month from Treasury Secretary Steven Mnuchin to restart trade talks with Beijing
The United States and China have already levied duties on $50 billion worth of each other's goods in an intensifying row that has jolted global financial markets in the past few months
Shanghai, Tokyo and Jakarta stocks all gained around 1 per cent and Hong Kong's Hang Seng closed up 2.5 per cent as China's yuan also edged higher
Trump said late last month that China was devaluing the currency in an attempt to make up for lack of demand
President Trump on Friday threatened another $267 billion in tariffs on Chinese goods
Moreover, China's imports from the United States grew only 2.7% in August, a slowdown from 11.1% in July