Perhaps that can be negotiated upon as opposed to requiring any sanctions that would, otherwise, likely spur on another WW?
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Trump has already said what he is gonna do, or is already in motion. Default on 10 trillion, and make them a complete pariah as far as trade goes. That’s why the west coast ports became parking lots, and now there are tens of thousands of merchant carriers parked in out of service status in Chinese waters. The ports were locked down, the ships already in transit were allowed to moor, and all incoming cargo was inspected before being allowed in. Once they cleared that backlog, the ships stopped coming, and now they are all moored. Go look on AIS. You can see them.
Apart from chinas real estate market collapsing, they are getting stiffed on the debt that they own. They will never admit it, because that would be incredibly humiliating, and place the CCP at an even greater risk of humiliation and disrespect by their own people. The CCP has already been humiliated by Pelosi flying into Taiwan, and humiliated by the real estate and banking fiasco. If the citizens find out that the US just told China to get fucked on 10 trillion dollars we owe them, that is just too much.
The future is grim for China. They are being surgically removed from US markets of every kind. Their stocks being banned, important resources to build electronics and chips and pharmaceuticals are being blocked, and there is nothing they can do publicly about it.
That’s one incredible weakness all communist countries share. They must save face at all costs. Even if it means their hands are tied while their economy and banking systems are blown to pieces by their enemies, they have to just sit and take it. What are they gonna do? Go to the UN and tell the world that the US and it’s allies are kicking the shit out them and demand help? Never.
You watch the next decade or two. China imports 80% of its oil and 45% of its food. It’s cannot feed itself of fuel itself. They are lucky we have been so compassionate up to this point and not blockaded them from gas and food completely.