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The plaque that caused the fight. Photo: Petras Malukas/AFP via Getty

Taiwan's government announced Wednesday that it would create a $200 million fund to invest in Lithuania's economy, boost bilateral trade, and send an expert team to help the tiny Baltic nation stand up its own semiconductor industry.

Why it matters: Beijing has launched a bullying campaign against Lithuania in response to its decision to allow Taiwan to open an unofficial embassy using its own name, rather than "Chinese Taipei."

  • Viewing the move as a violation of the "One China" policy, Beijing has recalled its ambassador to Lithuania, downgraded diplomatic relations with Vilnius, and barred all imports of Lithuanian goods.
  • Reports have now emerged that Beijing is pressuring European companies to stop using Lithuanian products in their supply chain — an unprecedented intervention that may violate international trade rules.
  • The Taiwanese government also purchased 20,000 bottles of Lithuanian rum that had been destined for China before the boycott, and shared suggestions for rum cocktails with the public.

The big picture: Taiwan is stepping up for Lithuania where the European Union — so far — has been either unwilling or unable.

  • The European Commission has paid lip service to Lithuania's "current trade irritants" with China, but seems powerless to take real action without buy-in from EU member states who are wary of further antagonizing Beijing.
  • Noah Barkin reports in his Watching China in Europe newsletter that several member states are "deeply unhappy" with how Lithuania handled the Taiwan issue.
  • Even Lithuania's own president expressed frustration this week with the naming of the Taiwanese office, claiming that his government did not consult him and that it was a "mistake."

Between the lines: Barkin reports that there's speculation in Germany that the U.S. pushed Lithuania to approve the use of the name Taiwan — though these rumors may be colored by Berlin's fears of being pulled into a U.S.-China cold war.

  • The Biden administration, for its part, has been outspoken in its support for Lithuania, with Secretary of State Antony Blinken raising the issue in nearly every call with his European counterparts over the last few weeks.
  • Standing next to Germany's new foreign minister Annalena Baerbock yesterday, Blinken said at a press conference that "this isn’t just about Lithuania, but about how every country in the world should be able to determine its own foreign policy free from this kind of coercion."

Go deeper

Dec 6, 2021 - World

U.S. announces diplomatic boycott of Beijing Winter Olympics

An Olympic-themed sculpture in Beijing on Dec. 1. Photo: Hou Yu/China News Service via Getty Images

The U.S. announced Monday that it will not send officials to the 2022 Beijing Winter Olympics in protest of human rights abuses committed by the Chinese Communist Party.

Why it matters: The diplomatic boycott — which won't prevent American athletes from competing — marks a major escalation between the U.S. and China amid already heightened tensions over the CCP's treatment of Muslim minorities, military threats to Taiwan and economic tariffs.

Nov 16, 2021 - World

Olympics sponsors caught between U.S. and China

Illustration: Annelise Capossela/Axios

Companies that do business in China — especially Olympics sponsors — are concerned Beijing will use the 2022 Winter Games as a loyalty test.

Why it matters: China's leaders have become adept at silencing criticism from U.S. companies that might otherwise condemn the country's human rights record — and the Chinese government has been able to host prestigious global events like the Olympics while committing rights violations with impunity.

5 hours ago - Sports

Novak Djokovic loses Australian visa appeal

Novak Djokovic of Serbia plays a forehand during a practice session ahead of the 2022 Australian Open at Melbourne Park on January 14, 2022. Photo: Daniel Pockett/Getty Images

Tennis star Novak Djokovic left Australia on Sunday evening, facing a three-year visa ban after an appeals court in the country revoked his visa.

Driving the news: Djokovic will not be able to defend his Australian Open title when the tournament starts in Melbourne. The World No. 1 is looking to break a three-way tie with Roger Federer and Rafael Nadal for most Grand Slam men's singles titles.