Situation in Taiwan Strait

U.S. military forces would defend Taiwan if there is "an unprecedented attack", President Joe Biden said, underscoring America's commitment to the island.

While the United States could have little hope that other Southeast Asian countries would give practical assistance in the event of a conflict, the Philippines will be in the spotlight, says a researcher.

The first round of negotiations is expected early this fall.

The Taiwan question will be an important test for the U.S., because it is the most sensitive issue in Sino-U.S. relations and the foundation on which bilateral ties are based.

Taiwan's autonomy is a vital geopolitical interest for the U.S. because of the island's dominance of the semiconductor manufacturing market, notes this academic.

Taiwan Now a National Security Issue

Despite China warnings, the Speaker of the House Nancy Pelosi had finished her Taiwan visit and had left Taiwan already.

Risk assets are trying to escape a surge in U.S.-China tensions, with financial markets appearing to be stable after a geopolitical turmoil. In addition, gold attracted some buy-the-dips near $1,755 and halted the previous day's sharp retracement from a 4-week high. However, is the downtrend over?

Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts have said.

Just as the Japanese Noda government's attempt to 'nationalize' the Diaoyu Islands promoted regular cruises years ago, this Pelosi's visit to Taiwan will not only promote the normalization of cruises to Taiwan but the frequent 'rehearse' of the military blockade and siege of Taiwan. This is an acceleration of the pace of armed reunification.