US envoy: Taiwan war would top WWII economic impact — SkimNews
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- Raymond Greene stated that any conflict across the Taiwan Strait would have a greater impact on the global economy than World War II, highlighting the stakes for international stability
- US-China summit is positioned as a critical opportunity to avoid miscalculations, with Chinese President Xi Jinping expected to meet President Donald Trump later in September
- American Institute in Taiwan under Greene's leadership affirmed ongoing US support for Taiwan’s self-defense, including backing its military modernization and regional balance efforts
- Taiwan plans to exceed T$1 trillion (S$40.13 billion) in defense spending by 2027, part of a major push to strengthen its defensive capabilities amid rising tensions
- Lai Ching-te’s administration has prioritized defense spending and military upgrades, rejecting Beijing’s sovereignty claims while preparing for potential escalation
Why it matters: Taiwan’s commitment to spend over T$1 trillion by 2027 signals a material shift in defense posture, backed by US diplomatic and strategic support. The scale of economic disruption Greene warns of makes miscalculation during the upcoming summit far costlier than past conflicts, raising the stakes for both Washington and Beijing.
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