Beyond Financial Crisis, COVID Pandemic! Duckworth Warns: Taiwan Strait Conflict Could Evaporate $10 Trillion Globally

A conflict in the Taiwan Strait could trigger a devastating global economic crisis, wiping out as much as $10 trillion from the world economy, warned U.S. Senator Tammy Duckworth. Her stark assessment underscores the profound financial consequences should tensions escalate.

Senator Duckworth, the first U.S. senator to visit Taiwan since the inauguration of President Lai Ching-te, met with the Taiwanese leader. During the meeting, she reiterated the bipartisan commitment from the U.S. Congress to support Taiwan. This visit and statement come at a critical juncture, emphasizing the strategic importance of the region.

The senator's warning serves as a critical reminder of the interconnectedness of global markets and the fragility of peace. The potential economic fallout from a Taiwan Strait conflict would not be confined to the region but would reverberate worldwide, impacting trade, supply chains, and financial stability on an unprecedented scale.

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After the 'Chuan Xi meeting', the first U.S. federal senator to visit Taiwan, Duckworth (Tammy Duckworth) met with President Lai today, reiterating the U.S. Congress's bipartisan commitment to supporting Taiwan, and warning that once a conflict breaks out in the Taiwan Strait, it will cause the global economy to evaporate up to $10 trillion...