US says conflict & a Chinese blockade of Taiwan trade would spark $2.5tn in economy losses

Seeing this item doing the rounds. Hopefully not imminent but something to be aware of!

  • The US state department has shared research with partners and allies that estimates that a Chinese blockade of Taiwan would spark $2.5tn in economic losses, according to six people familiar with the material, which was commissioned from the research firm Rhodium Group.
  • The stark warning has been shared with European Commission and European government officials

The link is here to the piece, and I’ve seen something similar in the Financial Times (gated).

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