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Tensions over Taiwan may be the evolving world order’s most decisive test. The increasingly ad-hoc use of American power and its scepticism toward long-standing commitments, combined with the Chinese Communist Party’s vehement restatement of its desire for ‘reunification’, has exacerbated regional tensions. Strategic ambiguity over Taiwan’s defence has long been the core of Washington’s official position; but it is clear that the burden of shaping deterrence and crisis response will no longer be borne by the US alone. This raises urgent questions about how other major global actors perceive their stakes and responsibilities. Japan has adopted a notably firm posture, bolstered by a new defence pact with the Philippines. But how might Australia and South Korea calibrate their choices? And how would Europe respond in the event of a confrontation? The panel will also examine the fallout for private actors whose supply chains depend on Taiwanese semiconductors, and whether economic indispensability can function as a strategic deterrent. Has the recent surge of big-power territorial revanchism essentially legitimised the coercive integration of Taiwan? If a Taiwan crisis erupts under current conditions, what meaningful response is the rest of the world likely to muster beyond diplomatic condemnation? What can be realistically expected from major Indo-Pacific powers such as Japan, South Korea, Australia, and the Philippines in the event of a Taiwan blockade? How would Europe respond? In a world of fractured geopolitics, does Taiwan’s centrality to global semiconductor supply chains deter escalation? Can the private sector – which still relies on Taiwan for most of its advanced chips – be expected to pressure governments towards maintaining stability and prioritising dialogue? Speakers: Bonnie Glick, Adjunct Senior Fellow, Foundation for Defence of Democracies, United States of America Dhruva Jaishankar, Executive Director, Observer Research Foundation, United States of America Helena Legarda, Head of Program Foreign Relations, Mercator Institute for Chinese Studies, Germany I-Chung Lai, Senior Advisor, Taiwan-Asia Exchange Foundation, Taiwan Jonas Parello‑Plesner, Director of the Alliance of Democracies, Denmark Moderator: Smita Prakash, Editor in Chief, ANI, India #Taiwan #China #globalsouth #geopolitics #foreignpolicy #raisina2026