US considers sanctions package against China to “deter it from invading Taiwan” – report
STOCKS
US considers sanctions package against China to “deter it from invading Taiwan” – report
STOCKS

US considers sanctions package against China to “deter it from invading Taiwan” – report

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

The US is considering options for a sanctions package against China to “deter it from invading Taiwan,” with the EU coming under diplomatic pressure from Taipei to do the same, reported Reuters citing sources familiar with the discussions.

The deliberations in Washington and Taipei’s separate lobbying of EU envoys were both at an early stage, the report said.

In both cases, the idea is to take sanctions beyond measures already taken in the West to restrict some trade and investment with China in sensitive technologies like computer chips and telecoms equipment, it added.

In Washington, officials are considering options for a possible package of sanctions against China to deter Xi from attempting to invade Taiwan, said a U.S. official and an official from a country in close coordination with Washington.

US talks over sanctions began after Russia invaded Ukraine in February, but took on fresh urgency after the Chinese reaction to Pelosi’s visit, the report said.