The thought of full-blown war with China has become mainstream in the aftermath of Russia’s Ukraine invasion. A potent mix of simmering animosity and economic concerns have created a heated climate that both sides need to take a step back from before the U.S. or China falls victim to the intoxicating pull of escalation.

This year’s G20 summit was haunted by the war in Ukraine, changing the complexion of nearly all interactions at the meeting. A sober assessment of the situation between Taiwan and China leaves much room for speculation about how an escalated conflict there might affect the world’s powers at large.

The KMT’s victories in November, while largely centered on local issues, can work to the benefit cross-Strait ties. Taiwan needs more political leaders with a greater sense of responsibility for the nation, a sense of historic mission and courage for change.

Could the United States and China go to war over Taiwan? China regards the island 90 miles (145 kilometers) off its coast as a renegade province, and President Xi Jinping raised the issue at the recent 20th Congress of the Communist Party of China (CPC). Though Xi said he prefers reunification by peaceful means, his objective was clear, and he did not rule out the use of force. Meanwhile, in Taiwan, the share of the population identifying as solely Taiwanese continues to exceed the share that identifies as both Chinese and Taiwanese.

The rapid decline in understanding between China and the U.S. has sparked concerns over the peaceful transition from one dominant power to the other.

Foreigners have hyped the possibility that Beijing will resort to reunification by force. This creates a dilemma: China must either accept the prospect of secession or the destructive consequences of force. Escaping this trap will require joint efforts by Chinese people on both sides of the strait.

Europe has stepped up its engagement with Taiwan to a level unthinkable only a few years ago - a dynamic which is welcomed in Washington but risks triggering commercial reprisals from Beijing. If not managed carefully, such actions threaten to reduce Europe’s diplomatic leeway and ability to contribute to a peaceful solution of Cross-Strait relations. The EU should urgently set up a high-level communication channel with Beijing to complement the transatlantic dialogue on the Indo-Pacific established last year.

The Phillipines geographic location has long made it a close trading partner to China, but a colonial history with the U.S. has left strong bonds with its century-old ally to this day. Now, as China and the U.S. talk themselves into more hostile territory, how the Philippines will navigate two of its most consequential relationships will be crucial to surviving any sort of escalation.

Recently Chinese State Councilor and Foreign Minister Wang Yi revealed China’s vision during the annual UN General Assembly. His positive words come at a time filled with pessimism around the globe, with the West attempting to damage China’s standing.

Taiwan and Ukraine have drawn many comparisons this year due to the perceived similarities in their precarious security situations. In the wake of the crisis in Ukraine, countries are watching situations like the one in the Taiwan Strait closely.