My own solution to the problem would be to pick the darkest night of the month, take everything we have which moves on water, and pull the entire population of Taiwan back either to that Northwest corner of Australia which is populated mainly if not entirely by reptiles or to one of our own island posessions several thousand miles back from China, along with all their infrastructure and valuables, and tell the chicoms they can have the empty island of Taiwan.
They may have a claim to the island; they hve no possible claim to the millions of people who moved to that island to escape their fubar government.
That would be seen as an American defeat. Plus, there would be over 20 million Taiwanese refugees. They would have lost much of their economy, their property, and standard of living. The PRC would get the prizes of at least Taiwan's intact factories. With Taiwanese ownership, it would break a link between American allies Japan and South Korea on one side, and the Philippines, Singapore, Malaysia, and even Australia/New Zealand on the other, and given the PRC unrestricted access to the Pacific. Currently, if it so decided it was necessary, American allies, backed by the United States, could blockade the PRC just outside its entire coastline (Japan/Korea, Taiwan, the Philippines, Malaysia, Thailand).