US says conflict & a Chinese blockade of Taiwan trade would spark $2.5tn in economy losses<p>Seeing this item doing the rounds. Hopefully not imminent but something to be aware of!</p><ul><li>The US state department has shared research with partners and allies that estimates that a Chinese blockade of Taiwan would spark $2.5tn in economic losses, according to six people familiar with the material, which was commissioned from the research firm Rhodium Group.</li><li>The stark warning has been shared with European Commission and European government officials</li></ul><p><a href="https://todayuknews.com/economy/us-warns-europe-a-conflict-over-taiwan-could-cause-global-economic-shock/" target="_blank" rel="nofollow">The link is here to the piece,</a> and I've seen something similar in the Financial Times (gated).</p><p>Back in August:</p><ul><li><a href="https://www.forexlive.com/news/shipments-to-taiwan-iphone-assembly-factory-in-china-blocked-by-chinese-officials-20220805/" target="_blank">China sent a barrage of missiles over Taiwan, in addition to shutting down sea-lanes and aviation routes </a></li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
Source: US says conflict & a Chinese blockade of Taiwan trade would spark $2.5tn in economy losses (https://forexlive.com/news/us-says-conflict-a-chinese-blockade-of-taiwan-trade-would-spark-25tn-in-economy-losses-20221111/https://forexlive.com/news/us-says-conflict-a-chinese-blockade-of-taiwan-trade-would-spark-25tn-in-economy-losses-20221111/)
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