China and Taiwan are longtime foes: Beijing is committed to reunifying the island with the rest of mainland China, while Taipei desperately wants to retain its self-governance. And in recent days, Beijing has demonstrated its willingness to use military force to safeguard its national security interests. Despite the bad blood, Taiwan and China are closely intertwined, maintaining robust trade and people-to-people ties. Beijing remains Taipei’s largest trade partner by far, accounting for nearly one-third of all Taiwan’s exports. It’s for this reason that recently imposed economic sanctions on Taiwan by China stand to really hurt the self-governing island.