Trump administration crafting retaliatory actions against China for COVID-19, potentially including voiding debt obligations

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Senior U.S. officials are beginning to explore proposals for punishing or demanding financial compensation from China for its handling of the coronavirus pandemic, according to four senior administration officials with knowledge of internal planning.
The move could splinter already strained relations between the two superpowers at a perilous moment for the global economy.
Senior officials across multiple government agencies are expected to meet Thursday to begin mapping out a strategy for seeking retaliatory measures against China, two people with knowledge of the meeting said, speaking on the condition of anonymity because they weren’t authorized to disclose the planning. Officials in American intelligence agencies are also involved in the effort.
In private, Trump and aides have discussed stripping China of its “sovereign immunity,” aiming to enable the U.S. government or victims to sue China for damages. George Sorial, who formerly served as a top executive at the Trump Organization and is involved in a class-action lawsuit against China, told The Washington Post he and senior White House officials have discussed limiting China’s sovereign immunity.
Some administration officials have also discussed having the United States cancel part of its debt obligations to China, two people with knowledge of internal conversations said. It was not known if the president has backed this idea.

 

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