A report by the Rhodium Group estimates that a blockade of Taiwan by China could cause a 'catastrophic' disruption of more than $2 trillion in global economic activity.
Former USS Cole commander Kirk Lippold tells"Cavuto: Coast to Coast" that Chinese President Xi Jinping is closely watching the weapons flowing into Taiwan and is likely to attack"sooner rather than later."and Taiwan have ramped up to their highest level in decades over the past year, and a new report warns that more than $2 trillion in global economic activity could be disrupted if China attempts to blockade Taiwan.
Rhodium's report found that the primary economic disruption would result from Taiwan being cut off from global trade, given the major role Taiwan plays in semiconductor supply chains. According to some estimates, Taiwan produces 92% of the world's most advanced computer chips in addition to one-third to half of the less sophisticated chips that play a critical role in the manufacturing processes for things like cars, smartphones and PCs.
A blockade of Taiwan by China would likely trigger a sell-off by investors holding Chinese equities traded on U.S. capital markets, similar to what transpired in the lead-up to Russia's invasion of Ukraine. Rhodium noted that with $775 billion in Chinese securities held in U.S.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S.-China-Taiwan tensions aren't going away any time soonWashington, Beijing and Taipei all finished out the year by making strong moves to bolster their respective positions on Taiwan's sovereignty.
Read more »
A China-Taiwan war could trigger stock market crash, Alan Greenspan saysA war between China and Taiwan is the economic 'black swan' investors should be most worried about, ex-Fed chair Alan Greenspan warns
Read more »
Part of Taiwan advanced missile system sent to China for repairsA key component of one of Taiwan's advanced anti-ship missile systems was sent to China for repairs, the island's top military research unit confirmed Wednesday.
Read more »
China warns US not to cross 'red line' on Taiwan, use 'salami tactics'China is warning the U.S. not to use 'salami tactics' and stop challenging Beijing's 'red line' on Taiwan, which it regards as its own territory.
Read more »
Former NATO boss urges countries to show China consequences if it attacks TaiwanDemocratic countries should make it clear the 'severe economic consequences' China would face should it move against self-governed Taiwan, the former NATO secretary-general said during a visit to the island on Thursday.
Read more »
Former NATO chief: Europe must help deter China from attacking TaiwanThe most important way to deter China from attacking Taiwan is to ensure a Ukrainian victory in the war against Russia, former NATO secretary-general Anders Fogh Rasmussen said.
Read more »