U.S. Economic Interests Vulnerable Amid China-Taiwan Tensions
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A rupture in relations between China and Taiwan could cause economic catastrophe in the U.S., including companies like Tesla, GM, and Boeing struggling from lack of Taiwanese semiconductors.
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Tensions between the U.S. and China, the two biggest economies, pose a huge risk according to Citadel CEO Ken Griffin. Maintaining a constructive relationship is critical.
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Taiwan's recent election presented a flashpoint, but China responded calmly, avoiding escalation. More incidents could occur though.
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China has major scale advantages with its 1.4 billion population and outproduces the U.S. 4x in STEM graduates. It's a major economic competitor.
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Even U.S. renewable energy and EV goals likely rely heavily on Chinese supply chains and manufacturing due to lower costs. America struggles to match this infrastructure.