Cellular Walkie-Talkies.

No turning back, no relaxing and no mercy.

---

1. War over Taiwan would have a cost in blood and treasure so vast that even those unhappiest with the status quo have reason not to risk it. Bloomberg Economics estimate the price tag at around $10 trillion, equal to about 10% of global GDP — dwarfing the blow from the war in Ukraine, Covid pandemic and Global Financial Crisis. In the case of a war:

• Taiwan’s economy would be decimated. Based on comparable recent conflicts, Bloomberg Economics estimates a 40% blow to GDP. A population and industrial base concentrated on the coast would add to the human and economic cost.

• With relations to major trade partners turned off and no access to advanced semiconductors, China’s GDP would suffer a 16.7% blow.

• For the US, further from the center of the action but still with a lot at stake — through the reliance of Apple on the Asian electronics supply chain, for example — GDP would be down 6.7%.

• For the world as a whole, GDP would be down 10.2%, with South Korea, Japan and other East Asian economies most impacted. (Source: bloomberg.com)

---