Taiwan’s top trade negotiator told Reuters on Tuesday that a Chinese military attack on the island would harm the global economy more than Russia’s invasion of Ukraine.
John Deng noted that the world relies on Taiwan for computer chips used in electric vehicles and mobile phones, meaning the implications of a Chinese invasion would be sweeping for any industry that relies on the technology.
China has stepped up its military drills and rhetoric toward Taiwan since Russia invaded Ukraine, adding to global fears that China may feel emboldened to invade the island, which it claims historical control of.
Russia’s invasion has sent economic shockwaves across the world, sharply increasing oil and gas prices and raising fears of famine in multiple countries in light of food export bans and other disruptions within the “bread basket” to much of the world.
“The disruption to international supply chains; disruption on the…