New worries about trade in Asia – and knock-on effects for the global economy: China says it is sanctioning US House Speaker Nancy Pelosi after she visited Taiwan. Beijing considers the self-governing island part of its territory – and called her trip a provocation.

The military exersizes have prompted some ships to navigate around the Taiwan Strait, disrupting key trading routes for cargo and commodities sailing around the world. It's proof of the economic fallout any escalation in the region would have globally. Trade between China and Taiwan has also seen interruptions.

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