Beautiful Virgin Islands

Monday, Sep 01, 2025

0:00
0:00

Taiwan says that China's Attack Would Hit Global Trade More Than Ukraine War

The Taipei government has reported no signs of an imminent attack from China but Taiwan has raised its alert level since the Ukraine war began, wary of Beijing's intentions.
Any Chinese military attack on Taiwan would have a greater impact on global trade flows than the Ukraine war, Taipei's top trade negotiator told Reuters on Tuesday, saying it would lead to a shortage of semiconductor chips.

Russia's invasion of Ukraine in February has triggered commodity price hikes and food export bans, leading to fears of famine in poorer countries. John Deng said that, were China to attack Taiwan, the potential disruptions could be worse, citing the world's reliance on Taiwan for chips used in electric vehicles and mobile phones.

"The disruption to international supply chains; disruption on the international economic order; and the chance to grow would be much, much (more) significant than this one," he told Reuters in an interview on the sidelines of a major World Trade Organization ministerial meeting in Geneva.

"There would be a worldwide shortage of supply."

The Taipei government has reported no signs of an imminent attack from China but Taiwan has raised its alert level since the Ukraine war began, wary of Beijing's intentions.

The Chinese government says it wants "peaceful reunification" but reserves "other options" for Taiwan, which it regards as a Chinese province, a view the democratically-elected government in Taipei strongly disputes.

Taiwan dominates the global market for production of the most advanced chips and its exports were worth $118 billion last year, its data showed.

Deng said he hoped to decrease the 40% share of its exports that go to China.

The Russian invasion is the first time in the 27-year-old global trade watchdog's history that one WTO member has invaded another. The body is hoping to reach a package of deals, including on food security to ease strained supplies, but tensions generated by the war could make that more difficult, trade sources say.

Taiwan, which has joined Western sanctions on Russia, participated in a standing ovation for Ukraine's WTO delegate on Sunday.

The WTO is one of the few multilateral organisations where China and Taiwan work side-by-side since Beijing blocks its participation in others.

Taiwan's Deng said the island, called 'Chinese Taipei' at the WTO, was encouraged by the WTO negotiations this week so far. It is also seeking to settle a three-year-old dispute it raised against India on tech tariffs before a formal WTO ruling.

"We are working with them," Deng said.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
Israeli Airstrike in Yemen Kills Houthi Prime Minister
Ukrainian Nationalist Politician Andriy Parubiy Assassinated in Lviv
Corporate America Cuts Middle Management as Bosses Take On Triple the Workload
Parents Sue OpenAI After Teen’s Death, Alleging ChatGPT Encouraged Suicide
Amazon Faces Lawsuit Over 'Buy' Label on Digital Streaming Content
Federal Reserve Independence Questioned Amid Trump’s Push to Reshape Central Bank
British Politics Faces Tumultuous Autumn After Summer of Rebellions and Rising Farage Momentum
US Appeals Court Rules Against Most Trump-Era Tariffs
UK Sought Broad Access to Apple Users’ Data, Court Filing Reveals
UK Bank Shares Dive Over Potential Tax on Sector
Germany’s Auto Industry Sheds 51,500 Jobs in First Half of 2025 Amid Deepening Crisis
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
×