WATCH: Nunes says China is “laughing” at the Biden administration

Appearing on “Sunday Morning Future” with Maria Bartiromo, Rep. Devin Nunes said China is “laughing” at the Biden administration.

Nunes said “the Biden administration seems to be going into the policy instead of, like Ronald Reagan used to say, ‘peace through strength.’ I think their policy is, ‘speak loudly and carry a twig.’ So you ask, what do the Chinese really want? What the Chinese are most interested in is…right now, the United States is the world’s reserve currency. The Chinese would like to have that, although they’re manipulators, too.”

“But what they want to do, if they can just get it so that people do not trust the U.S. currency, they will benefit tremendously. And so what the Biden administration is doing, it’s not really just globally, it’s also how much money they’re borrowing here in Washington where we’re printing money. So the Chinese do not take Biden seriously because the Chinese understand propaganda. They understand that the White House and the Democrat, the socialist Democrats get up every day and they plant stories,” he continued.

“So what are they doing at the Biden administration?” Nunes asked later in the interview. “They’re laughing because they don’t care what the narratives are here in the United States of America. What they’re looking at is: How do you devalue the American dollar? And they’re working on it every day. And the socialist Democrats in this town are helping them every day.”