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It would be bad for everyone. Not just in military casualties - from my shit analysis it would bring the world to a halt with chip manufacturing, all the good in the western world are made in China and Asia. Just thinking about what I know makes my head hurt
You are not taking into account china can lock down shipping from it’s neighborhood of SE Asia and India, and last I looked into it, Taiwan produced a staggering number of chips compared to every other chip producer combined - last I checked TSMC was still producing over 90% of the worlds chips (and I checked a few weeks ago)