U.S. Treasury Secretary Warns: If the Taiwan Strait Is Blockaded, the Global Chip Industry Will Face a Crisis

American Treasury Secretary Predicts: If the Taiwan Strait is Blockaded, the Global Economy Will Face Catastrophe

American Treasury Secretary Scott Bessent stated that the United States believes the reliance on chips from Taiwan is the greatest threat to the global economy, and a potential blockade of the island would lead to "the end of the world."

Bessent said at the World Economic Forum in Davos: "I think the biggest threat to the global economy is that 97% of the high-end chips are produced there. If it is blockaded, this production capacity will be destroyed, leading to an economic apocalypse."

Original: toutiao.com/article/1854853494629385/

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