In the wake of Putin’s invasion of Ukraine, how are Chinese strategists and scholars assessing U.S. deterrence strategy? What are the implications for Taiwan? Here, four leading foreign affairs experts—Rory Medcalf, Oriana Skylar Mastro, Hal Brands, and Michael Mazarr—analyze a newly translated article by a senior Chinese scholar which concludes that while the United States failed to deter Putin’s aggression, its actions in Ukraine are nonetheless impacting Beijing’s foreign policy calculations.