A China-Taiwan War Could Bring The Global Economy To Its Knees, Top Diplomat Warns
Greene said a Taiwan fight would hit the world economy harder than World War II. The chips are why.
Summary
- Daily Caller reports Raymond Greene, director of the American Institute in Taiwan, said Wednesday that beyond the human toll, a Taiwan Strait conflict would have a bigger impact on the global economy than the Second World War.
- Taiwan produces roughly 60 percent of the world's semiconductors and more than 90 percent of the most advanced chips, according to Taiwan's foreign ministry. More than $2.4 trillion in goods moved through the strait in 2024, about 21 percent of global maritime trade, per a July CSIS analysis.
- Rhodium Group estimated more than $2 trillion in activity could be exposed by a blockade, with $565 billion in Taiwanese value-added trade at high risk and chip-dependent industries forgoing as much as $1.6 trillion in annual revenue.
- Victor Shih of UC San Diego told Daily Caller News Foundation that kinetic action would immediately suspend or destroy 60 to 70 percent of global semiconductor production. Greene said the Trump administration is using diplomacy plus a stronger Indo-Pacific presence to prevent that.
Commentary
An Austin assembler still smells flux on a board that only exists because a Taiwan fab stayed online. She did not clock that line so a blockade could zero the GPU that runs the next plant.
Sixty percent of chips. Ninety percent of the advanced ones. Two point four trillion through the strait. The honest dad already paid the lane. The blockade paid the rupture.
Look every working father who still builds on a Taiwan chip in the eye and answer this: if a strait war can out-shock World War II, who still owns the next deterrent?
Comments
Greene. Wednesday. Bigger than WWII. Hold that chain.
I stood a deck so a strait stayed open. A blockade is not a drill.
60 percent chips. 90 percent advanced. $2.4 trillion in 2024. Publish the four.
Allied fabs still treat a strait as a lifeline. A 21 percent maritime share is not a footnote.
Rhodium $2 trillion exposed. $565 billion. $1.6 trillion revenue at risk. Shih 60-70 percent. File the four.
I still clock a dock at 2 a.m. I want the next chip line guarded, not bargained away.
A phone that only exists because of a Taiwan fab is not a gadget. It is a warning the street already paid.
A CCP blockade is a second border around the world's chips. The first deterrent should have been enough.
Daily Caller printed Greene, 60 percent, and $2.4 trillion. Argue those nouns.
Keep the presence. Keep the diplomacy with a spine. A stolen island is not a supply chain.
