Ukraine-Related Sanctions: Lessons for a Taiwan Conflict Scenario

Quick Summary:

EU trade leverage over China is also unlikely to wane in coming years; since 2019 the bloc’s imports from China have grown by a whopping 42 percent, highlighting how European firms are struggling to reduce economic reliance on China.

Such tensions would make it far more difficult for America and Europe to collaborate on sanctions in a Taiwan conflict scenario, weighing on the robustness of Western economic statecraft measures against Beijing.

This means that EU sanctions deterrence could be game-changing in the run-up to a conflict around the island: clear threats from the bloc would signal to Beijing that the costs associated to an invasion of Taiwan are even higher than those that the Chinese leadership already expects.

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Article Details

Author / Journalist: Mercy A. Kuo

Category: Economy

Markets: United StatesAustraliaBangladeshCanadaChinaIndiaIndonesiaJapanNorth KoreaSouth KoreaKyrgyzstanMyanmarTaiwanUkraine

Topics: Measures Percent China Taiwan Beijing Chinese Sanctions Goods Bloc Trade Economies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 22:26:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 3410 words

Reading Time: 19 minutes read

Sentences: 154 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23838837

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