Latest News on Nancy Pelosi

Latest News on Nancy Pelosi: House Speaker Nancy Pelosi, the highest-ranking U.S. official in a quarter-century to visit Taiwan, on Wednesday met with President Tsai Ing-wen and legislators in the self-ruled island, which Beijing claims as part of its territory.

Mrs. Pelosi landed in Taiwan on Tuesday, defying stern warnings from Beijing against a visit that China’s Communist Party regards as a challenge to its sovereignty.

Chinese officials, including leader Xi Jinping in a phone call last week with President Biden, have warned of unspecified countermeasures for Mrs. Pelosi’s Taiwan visit.

Nancy Pelosi Taiwan Visit LIVE Updates: US Speaker Departs; China Vows Action Against ‘Offenders’, Sends Jets, Ships Near Taiwan

Beijing is preparing live-fire military exercises this week in areas encircling Taiwan, a significant step up from its responses to previous crises and one that underscores China’s fast-growing combat capabilities.

China revealed the drills minutes after U.S. House Speaker Nancy Pelosi arrived in Taipei late Tuesday. They are to run from Thursday to Sunday in waters and airspace across six zones that collectively surround the democratically self-ruled island, which Beijing claims as its own.

The People’s Liberation Army said the naval, aerial, strategic missile, and other forces conducted joint training on Wednesday to the north, southwest, and southeast of Taiwan in the run-up to the live-fire drills, which would involve the use of long-range weapons and conventional missiles.

“We Come In Friendship”: Nancy Pelosi On Taiwan Visit Amid China Threat

While the designated live-fire zones mainly lie in international waters, some of them are close to Taiwan’s major ports and overlap with what Taipei claims as its territorial waters, which means the drills could disrupt civilian shipping. Depending on the launch sites and missile types, experts say the PLA projectiles could fly over Taiwan—a gesture that would be seen as a major escalation—on their way to waters east of the island.

Beijing could impose a blockade on Taiwan’s air and sea traffic should cross-strait tensions escalate, an economist warns, a move that could result in large disruptions to the island’s energy supply and potentially halt manufacturing.

Nancy Pelosi Taiwan visit LIVE Updates: China hits Taiwan with fresh trade curbs, summons US envoy

China has responded to U.S. House Speaker Nancy Pelosi’s high-profile visit to Taiwan by swiftly restricting trade with the democratically-ruled island and by conducting live-fire drills this week in waters around Taiwan. Beijing announced a fresh ban on citrus fruit and some fish imports from Taiwan on Wednesday, a day after authorities had already put hundreds of Taiwanese imports on a prohibited list.

Still, Taiwan is nearly self-sufficient in key staples such as rice, pork, and vegetables, said Mark Williams, chief Asia economist at Capital Economics. The island’s weak link is its dependence on energy imports, he wrote in a note to clients on Tuesday, and China could cripple Taiwanese manufacturing by targeting the island’s liquefied natural gas terminals or by restricting fuel imports.

Nancy Pelosi in Taiwan, Live Updates: Taiwan negotiates with Japan, and the Philippines to find alternate aviation routes after China ‘blockade’

Only 12% of Taiwan’s energy is produced domestically and the island depends heavily on imported liquefied natural gas to generate power. Last year, about a third of Taiwan’s electricity was generated from gas, which was imported from countries including Qatar, Australia, the U.S., and Russia. An interruption to such exports could end up in a large drop in power generation capacity within days, and bring much of the island’s manufacturing to a standstill, Mr. Williams said.

While Taiwan’s oil stockpile will be sufficient to last 138 days, the island is less resilient when it comes to electricity, he wrote, citing data from Taiwan’s Ministry of Economic Affairs. Natural gas importers are currently required to hold a stockpile of only eight days of supply, making it vulnerable to any potential Chinese action, he said.

Taiwan: Nancy Pelosi meets President Tsai to Beijing’s fury

The island is home to Taiwan Semiconductor Manufacturing Co., also known as TSMC, which produces 92% of the world’s most advanced chips. The prospect of a Chinese blockade and further China-Taiwan tensions could also trigger global panic buying and stockpiling of chips, he added.

House Speaker Nancy Pelosi vowed to preserve democracy in Taiwan in the face of growing threats from mainland China in a closely watched meeting with Taiwan’s president.

Mrs. Pelosi told Taiwan President Tsai Ing-wen that the U.S. wouldn’t abandon its commitment to Taiwan, framing her visit as part of a broader struggle over democracy’s future.

Explained: What is China’s problem with Nancy Pelosi visiting Taiwan?

“Today the world faces a choice between democracy and autocracy,” Mrs. Pelosi said. “America’s determination to preserve democracy here in Taiwan and around the world remains ironclad.”

The visit by Mrs. Pelosi has angered China and cast a pall over U.S.-China relations. In response, China announced it would carry live-fire drills from Thursday to Sunday across six areas that together effectively encircle Taiwan. While they will predominantly take place in international waters, some of the areas are close to major Taiwanese ports, meaning they could end up disrupting commercial shipping.

China hits Taiwan with fresh trade curbs, summons US envoy

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