US Diplomat: Investors Overestimating Risk of Conflict in Taiwan Strait
- 1Michael Desmond, Assistant Secretary of State for East Asian and Pacific Affairs, said investors are overestimating the risk of conflict in the Taiwan Strait.
- 2President Donald Trump has withheld approval for a new $14 billion weapons sale package to Taipei following China's reaction to a previous $11 billion weapons sale package to Taiwan.
- 3TSMC's tens of billions of dollars in investment in Phoenix facilities play a crucial role in the US effort to revive domestic semiconductor manufacturing.
So what's the key point?
A US diplomat said investors are viewing the risk of fighting in Taiwan as too high. This shows a perspective that sees the possibility of conflict in the Taiwan Strait as low.
Source CNBC · View original ↗
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