"Escalating Tensions: The Staggering $10 Trillion Price Tag of Taiwan Conflict for Xi and Biden"

Bloomberg Economics estimates that a war over Taiwan could cost around $10 trillion, equal to about 10% of global GDP, with potential flashpoints around Taiwan's upcoming election. The impact would be far-reaching, affecting global supply chains, trade, and financial markets. The article discusses potential scenarios, including a Chinese invasion drawing the US into a local conflict and a blockade cutting Taiwan off from trade with the rest of the world. The outcome of Taiwan's election will define the direction of cross-Strait relations, with implications for major economies and the global economy as a whole.