Taiwan
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![<p>A wafer can be seen as taiwanese chip giant TSMC holds a ceremony to start mass production of its most advanced 3-nanometer chips in the southern city of Tainan, Taiwan December 29, 2022.</p>]()
By David Sacks and Steven Honig![<p>A Taiwan dollar note is seen in this illustration photo May 31, 2017. </p>]()
By Brad W. Setser![<p>Maritime operations group displays YJ-15 hypersonic anti-ship missiles during a military parade to mark the 80th anniversary of the end of World War Two, in Beijing, China, September 3, 2025.</p>]()
By David Sacks and Paul B. Stares![<p>President Donald Trump and other U.S. officials meet with their Chinese counterparts on the sidelines of the APEC summit in Busan, South Korea, October 30, 2025.</p>]()
By Zongyuan Zoe Liu, David Sacks, Stephen Sestanovich, Joshua Kurlantzick and Will Freeman![<p>A Chinese navy vessel near Taiwan is seen on a giant screen outside a shopping mall in Beijing, China, April 1, 2025.</p>]()
By Michael Froman![<p>U.S. Defense Secretary Pete Hegseth speaks at the International Institute for Strategic Studies Shangri-La Dialogue in Singapore on May 31, 2025.</p>]()
By Natalie Caloca![Taiwan Cumulative Losses]()
By Brad W. Setser![<p>President Lai Ching-te (center) poses for a group photo at Songshan Airport in Taipei, Taiwan, on March 21, 2025. </p>]()
By Natalie Caloca![<p>The Chinese People’s Liberation Army Navy’s guided-missile frigate Yueyang takes part in a China-Thailand joint naval exercise off the southern port city of Shanwei, China, May 6, 2019.</p>]()
By Michael Froman![The People's Republic of China flag and the U.S. Stars and Stripes fly along Pennsylvania Avenue near the U.S. Capitol in Washington]()
By CFR Editors![<p>Chinese state media broadcasts a map of military drills conducted by the Chinese People’s Liberation Army around Taiwan on May 23, 2024.</p>]()
By Oscar Berry![<p>The guided-missile destroyer the USS Milius conducts a Taiwan Strait transit operation in April 2023. </p>]()
By Natalie Caloca![<p>C.C. Wei, Chairman and CEO of Taiwan Semiconductor Manufacturing Company (TSMC), speaks next to U.S. President Donald Trump and Commerce Secretary Howard Lutnick, as they make an announcement about an investment from TSMC.</p>]()
By David Sacks and Adam Segal![Charles A. Kupchan Testifies to House Oversight and Government Reform Subcommittee on Military and Foreign Affairs]()
By Charles A. Kupchan![<p>U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, U.S. February 4, 2025.</p>]()
By David Sacks
