For around a decade now, the automotive industry’s worst-case scenario has kept getting worse, with lowlights ranging from the emissions scandal and its fallout to the pulling forward of electric car mandates by a decade, the ramping up of safety and pollution standards, the pandemic, Russia’s invasion of Ukraine and more.

But if you can forgive looking at a much bigger picture through the myopic lens of automotive, the escalating threat of China invading Taiwan has implications that extend far deeper than anything that’s hit so far.