Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Rubio: 'Very short window', maybe days, for Hamas to accept deal
Al Mayadeen correspondent to southern Lebanon: Israeli warplanes launched a raid on the Ksar Zaatar neighborhood in western Nabatieh.
Al Mayadeen's correspondent in Gaza: The tower destroyed by the Israeli occupation in Gaza includes media offices, including Al Mayadeen's bureau.
Al Mayadeen's correspondent in Gaza: Four fetuses and three premature babies died at Nasser Medical Complex due to malnutrition
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City

US warns Europe Taiwan conflict could bring in annual economic losses

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Nov 2022 18:29
  • 1 Shares
3 Min Read

The Financial Times reports on Friday that a huge toll on global economy and its annual economic losses could reach $2.5 trillion in the event of a possible conflict over Taiwan.

  • x
  • Visitors review new computer products during the Computex Taipei exhibition at the world trade center in Taipei, Taiwan, Tuesday, May 30, 2017 (AP Photo/Chiang Ying-ying, File)
    Visitors review new computer products during the Computex Taipei exhibition at the world trade center in Taipei, Taiwan, Tuesday, May 30, 2017 (AP Photo/Chiang Ying-Ying, File)

The United States has warned European nations that the conflict over Taiwan would take a huge toll on the global economy and its annual economic losses could reach $2.5 trillion, The Financial Times reported on Friday, citing sources familiar with the matter.

The US State Department has shared with the European Commission and European government officials research commissioned from the research firm Rhodium Group. Thus, it warned them of the "significant implications" the conflict over Taiwan could lead to, according to sources cited by the newspaper.

At the same time, the US attempts to find a way to use sanctions against China in the event of any military action against Taiwan, the report said. The US and the EU had begun talks on preparation for possible conflict over Taiwan, two officials told Financial Times.

However, some officials from the US and Europe believe that global economic damage from the Taiwan conflict is "necessary to rally international support for deterring China," the report said.

In September, Chinese President Xi Jinping allegedly told his military that he wants to take control of Taiwan by force by 2027, according to David Cohen, the deputy director of the US Central Intelligence Agency.

In response, the Chinese Embassy in Washington said in a statement that it expresses strong dissatisfaction and opposition to President Joe Biden's continued statements that the United States would defend Taiwan from Chinese forces.

Related News

Trump alleges second US strike on Venezuelan boat, killing three

US adds Colombia to drug list, drawing Petro’s rebuke

Biden said during an interview with CBS News that US forces would defend Taiwan if China carried out an attack against the island.

Read: War between China, Taiwan unlikely, but US could change things: Expert

The situation around Taiwan escalated following US House Speaker Nancy Pelosi's visit to Taipei in August. Taiwan has been governed independently since breaking away from mainland China in 1949. China considers Taiwan part of its territory and opposes any direct official foreign contacts with the island.

Pelosi's visit led China to announce ending cooperation with the United States on a number of issues such as climate change, anti-drug efforts, and military talks.

Although the US officially claims to support the One China Policy, it has long maintained unofficial relations with Taipei, including the supply of arms to the island.

In response to another visit to Taiwan, China announced new military maneuvers surrounding Taiwan, as a team of US politicians met with the island's leader only weeks after Pelosi's provocative trip. 

The secret two-day visit came as Beijing launched warships, missiles, and fighter jets into the waters and skies surrounding Taiwan.

  • United States
  • Taiwan
  • Europe
  • European Commission
  • European Union

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
President Nicolas Maduro gestures to supporters during the inauguration of a monument in China's honor on the 80th anniversary of the end of World War II, in Caracas, Venezuela, Wednesday, September 3, 2025 (AP)
Politics

Maduro warns of threats, urges 'battle for truth' to defend Venezuela

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, Wednesday, Sept. 10, 2025. (AP Photo/Jon Gambrell)
Politics

Netanyahu informed Trump before deadly attack in Doha: Reports

Israeli Prime Minister Benjamin Netanyahu and US Secretary of State Marco Rubio hold a joint press conference at the Prime Minister's Office, during Rubio's visit, in occupied al-Quds, occupied Palestine, Monday, September 15, 2025 (AP)
Politics

Netanyahu warns of Israeli isolation, calls to boost self-reliance

Spain axes €700Mln arms deals with 'Israel' over Gaza genocide
Politics

Spain axes €700 mln arms deals with 'Israel' over Gaza genocide

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS