The Economic Times

Taiwan Strait conflict could hit global economy harder than World War Two, US envoy warns

A US diplomat warned of a Taiwan Strait conflict's severe global economic impact. He stated that any conflict would surpass World War Two's economic damage. The upcoming US-China summit offers a chance to prevent misunderstandings and miscalculations. The United States is reinforcing its Indo-Pacific presence and partnerships. Taiwan is also enhancing its self-defense capabilities amid rising threats.