Any Chinese military attack on Taiwan would have a greater impact on global trade flows than the Ukraine war, Taipei's top trade negotiator told Reuters on Tuesday, saying it would lead to a shortage of semiconductor chips.
Russia's invasion of Ukraine in February has triggered commodity price hikes and food export bans, leading to fears of famine in poorer countries. John Deng said that, were China to attack Taiwan, the potential disruptions could be worse, citing the world's reliance on Taiwan for chips used in electric vehicles and mobile phones.
