Bussard Ramjet
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None. To 'undo' what Nixon did would require the same US-China political and economic environment as that time, and we know that is not how it is today.
That does not mean China cannot protest diplomatically, but the reality, as have been pointed out, Taiwan is de facto an independent entity regardless of how much China can protest otherwise.
What can China do if the US, under Trump, decides to recognize Taiwan -- de jure -- and grant the country all commensurate political and diplomatic rights ?
A complete severance of political and economic ties is not feasible, and we all know that, no matter how much rhetoric the PDF Chinese can spew.
A military response towards Taiwan is also not desirable in the long run if China want to have a military. China does not have a viable amphibious assault force and any attempt to create such a force -- haphazardly -- will end up with that force decimated in that span of water between the two sides.
China may be rising -- economically and politically -- in the world, but the US is still the power -- economically and politically -- to reckon with. If the US, under Trump, decides to put Taiwan on the same political status as China, have no doubts that many other countries, especially the ones that have some relationships with Taiwan, will follow the US. Their reasoning will be the same: 'Why not ?'
Lol, not happening.
Firstly, China will withdraw its ambassador and cut relationship with USA.
Then any attempt to recognize Taiwan, would lead to immediate military response from missiles, and what not!
Then, China can launch ground offensives against the USA at many fronts, be it in Korea, Afghanistan, and what not!
I'm sure the USA doesn't want to be bogged down in another Korean war, but this time with a far more trained Chinese ground force.
While Chinese navy may still not be any where close to US, China could wreak havoc on US ground forces.