Taiwan blockade's cost would be felt wider than COVID: U.S. official

Chinese action would deliver $2.7tn hit to global economy in 1st year, think tank says

KEN MORIYASU, Nikkei Asia diplomatic correspondent

WASHINGTON -- If China were to impose a blockade on Taiwan, the global economic impact would far outweigh the shutdowns caused by COVID-19, a senior U.S. official has warned.

The Pentagon is looking "very closely" at the scenarios that might play out if China opted for a blockade, Ely Ratner, the assistant secretary of defense for Indo-Pacific security affairs, said Thursday at an event held by the Washington think tank Center for Strategic and International Studies.

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