Cost of Taiwan conflict revealed ...News

The global economy would lose trillions, the Financial Times reports A conflict over Taiwan would trigger a huge shock to the world economy, the Financial Times reported on Friday, citing research commissioned by the US government. According to the news outlet, military action in the self-governed Chinese territory would result in $2.5 trillion in economic losses, FT writes. The figure was provided to the outlet by people familiar with a document prepared by the research firm Rhodium Group. Industries dependent on semiconductors such as the automotive and electronics sectors would suffer the biggest disruptions, t

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