The Group of Seven’s response to Russia’s full-scale invasion of Ukraine was a landmark moment, revealing the potential for countries to align around sanctions against a major economy in a moment of crisis. Amid heightened tensions in the Taiwan Strait, policymakers in G7 capitals and Beijing alike have begun asking whether such tools could be used against China, and what their potential impact could be. In a new study in partnership with the Atlantic Council, we explored the potential for and impact of sanctions on China in a Taiwan crisis, drawing on interviews and roundtables with policymakers, practitioners, and business leaders. Our work shows that while G7 countries have begun proactively discussing sanctions options, there are many challenges to establishing deterrence through sanctions in the context of a Taiwan Strait crisis. G7 leaders at a working dinner during the 2023 Summit in Japan, May 19, 2023. Credit: G7 Japan Discussions with experts and policy