China’s Attack Would Hit Global Trade More Than Ukraine War: Taiwan
Geneva: Every Chinese military attack on Taiwan will have a greater impact on the flow of global trade than the Ukraine War, the Top Taipei trade negotiator said on Tuesday, said it would cause lack of semiconductor chips.
The Russian invasion of Ukraine in February has triggered an increase in commodity prices and prohibitions on food exports, which caused hunger fears in poor countries. John Deng said that, was China to attack Taiwan, the potential for disruption could be worse, quoting the world dependence on Taiwan for chips used in electric vehicles and cellphones.
"Disorders of the international supply chain; disturbances in the international economic order; and the opportunity to grow will be far, far more significant than this," he told Reuters in an interview on the sidelines of t...