Ely Ratner is a Pentagon official working on the Asian region. Remarks:

  • says bolstering Taiwan’s self-defenses is an urgent task and an essential feature of deterrence
  • says China’s coercive air and maritime campaigns around Taiwan increase the likelihood of miscalculation

The tensions around Taiwan are ongoing and have thus faded into the background somewhat. It pays to keep an eye out for developments but for now not much FX impact.

Taiwan Straits