Blinken warns attack on Taiwan could devastate global economy
US Secretary of State Antony Blinken is warning that if Taiwan is attacked, the global economy could face devastation as most semiconductors in the world are produced here.
During an interview on CBS's "60 Minutes," Blinken said China has acted more and more aggressively against Taiwan and that poses a threat to peace and stability beyond the entire region.
Blinken says the US has invested heavily in its semiconductor capacity with American firms designing the chips, but these are mainly produced in Taiwan.
He warns that if that system is disrupted, "the effects on the global economy could be devastating."
Blinken made the comments after meeting with China's foreign minister. The US Secretary of State also reiterated US policy on Taiwan during that meeting - stressing Washington's continued adherence to its "One China" policy and its determination that the differences be resolved peacefully.