US Unprepared For Potential Economic Fallout
A potential Chinese invasion of Taiwan could have devastating effects on the global economy, particularly in the semiconductor industry, according to a new book by Hoover Institution Fellow Eyck Freymann. The US lacks a contingency plan for such an event, which could lead to economic disruption and potential escalation. The situation is likened to the recent closure of the Strait of Hormuz, which highlights the importance of being prepared for unexpected events. This was reported by 19FortyFive.