US Secretary of Defense Lloyd Austin warned on Saturday that a war surrounding Taiwanese sovereignty would be 'devastating' for the global economy.
US Secretary of Defense Lloyd Austin attends the 20th Shangri-La Dialogue summit in Singapore on June 3, 2023.
The Shangri-La Dialogue, named after the hotel where the summit has been held since 2002, is attended by representatives from"The whole world has a stake in maintaining peace and stability in the Taiwan Strait. The security of commercial shipping lanes and global supply chains depends on it," the defense secretary said."And so does freedom of navigation worldwide. Make no mistake: conflict in the Taiwan Strait would be devastating.
German Defense Minister Boris Pistorius greets his Chinese counterpart, General Li Shangfu, during a meeting in Singapore on the occasion of the Shangri-La Dialogue Asian security forum. Officials from the People's Republic of China were present at the dialogue, including Austin's Chinese counterpart, General Li Shangfu.
"Conflict in the Taiwan Strait would affect the global economy in ways we cannot imagine," Austin said.
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