She wrote: “If strains between China and Taiwan continue to worsen, the People’s Republic has a trump card: threatening to cut off the island’s exports, which include products from pivotal chipmaker TSMC, formally known as Taiwan Semiconductor Manufacturing.”
She noted that aside from these initial sanctions and military drills, “the People’s Republic could threaten to retaliate further.
“A naval blockade and a no-fly zone, for example, could in theory keep Taiwan’s main products from heading around the world.
“Isolating or disrupting TSMC would be a fresh disaster for the global economy.
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