Congress finds the following:
(1)
In an October 2022 speech before the 20th National Congress of the Chinese Communist Party, General Secretary Xi Jinping declared that the People's Republic of China (referred to in this Act as the “PRC”) has not ruled out the use of force regarding Taiwan.
(2)
The Office of the Director of National Intelligence’s Annual Threat Assessment of the U.S. Intelligence Community, published on February 6, 2023, noted that “Beijing is working to meet its goal of fielding a military by 2027 designed to deter U.S. intervention in a future cross-Strait crisis.”.
(3)
The risk of economic disruption following a conflict in the Taiwan Strait could amount to approximately $2,000,000,000,000 in a blockade scenario, which would immediately, and potentially irreversibly impact global trade and investment, key supply chains for semiconductors, and other trade and national security priorities.
(4)
The European Union's foreign and security policy service, the European External Action Service, recognizes that the European Union may use sanctions to promote the objectives of its Common Foreign and Security Policy, all of which have potential relevance in the event of military action or coercion against Taiwan.
(5)
The European Union has imposed sanctions on—
(A)
PRC officials and entities responsible for human rights abuses in Xinjiang; and
(B)
PRC entities for their support of Russia’s illegal and unprovoked war in Ukraine.
(6)
In July 2022, Jorge Toledo Albinana, Ambassador of the European Union to the People’s Republic of China, said, “In the event of a military invasion [of Taiwan], we have made it very clear that the European Union, with the United States and its allies, will impose similar or even greater measures than those we have now taken against Russia.”.
(7)
On January 18, 2023, the European Parliament passed a resolution calling upon “all competent European Union institutions to urgently draw up a scenario-based strategy for tackling security challenges in Taiwan.”.
(8)
In an April 18, 2023, speech to the European Parliament, European Commission President Ursula von der Leyen emphasized that the European Union “stand[s] strongly against any unilateral change of the status quo [in the Taiwan Strait], in particular by the use of force.”.
(9)
The PRC has supported Russia’s illegal, full-scale invasion of Ukraine by resupplying Russia’s defense industrial base.
(10)
Taiwan has—
(A)
aligned itself with European Union sanctions against Russia in response to the full-scale invasion of Ukraine; and
(B)
provided Ukraine more than $113,000,000 in financial support and more than 950 metric tons of humanitarian supplies.