China Blocks Some Taiwan Imports

BEIJING (AP) – China has blocked imports of citrus and fish from Taiwan in retaliation for U.S. House Speaker Nancy Pelosi’s visit to the self-ruled island but avoided disrupting one of the world’s most important technology and manufacturing relationships. Sanctions on Taiwanese processor chips for Chinese assemblers of smartphones and other electronics could send shockwaves through the global economy. Beijing has announced military exercises including artillery fire in waters near Taiwan following the Pelosi’s arrival in Taipei. That might delay or disrupt shipping. The potential disruption to trade and manufacturing adds to concern global economic growth might be weakening. Asian stock markets rose after there was no immediate sign of Chinese military action.