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The Risk of a Chinese Attack on Taiwan
The value of US China trade hit a record level last year, but there's a few caveats. Some things like consumer electronics were actually contracting because peak demand had already been hit in 2021. Jared: Can you just put out a few scenarios that are plausible if the probability is unknown? We'll talk about the sort of real Black Swan risk, which is an outright Chinese attack or invasion of Taiwan.