MP Says Taiwan Strait Freedom Vital for Canada’s Prosperity

Ten percent of global GDP—that’s the estimated cost of a war over Taiwan, says Independent MP Kevin Vuong, who recently visited the island. He joined global lawmakers there to condemn China’s escalating military threat to the democratic island. To put this in perspective, this price tag is five times the estimated $2 trillion cost of the COVID-19 pandemic and over six times the $1.5 trillion cost of Russia’s war on Ukraine, according to projections from Bloomberg Economics, as noted by the Independent MP for Toronto’s Spadina—Fort York riding. “With the cost of war over Taiwan projected to be $10 trillion to the global economy, conflict must be deterred,” Vuong wrote on the X platform on July 30. He also noted in a separate post that Canada, as a maritime trading nation, would find a Taiwan Strait that is free and governed by international law key to its prosperity....