America should coordinate with allies to seize China’s holdings of U.S. Treasury and other state treasuries’ obligations as compensation for the one-party state’s negligence regarding the coronavirus outbreak, said Gordon Chang, Daily Beast columnist and author of The Great U.S.-China Tech War.

“I think the United States should seize China’s holdings of U.S. treasuries,” said Chang on Wednesday’s edition of SiriusXM’s Breitbart News Daily in an interview with host Alex Marlow.

“We should do this in conjunction with the issuers of the other major occurrences,” added Chang, specifying Canada, the U.K., Switzerland, and Japan. “If we act alone, China is going to say that we repudiated our debt. We’re going to take a reputational hit, which is going to be a big one. Also, they’re going to say that we are an irresponsible member of the global financial system, and that the [U.S.] dollar shouldn’t be the reserve currency of the world.”

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