The US basically talked themselves into a corner. Biden talked real big about coming to Taiwan's defense and that's what most people around the world will believe. Let's be honest here, who actually tuned in when the Pentagon walked back his statements? If the average American has no clue what strategic ambiguity is, can you really expect the average European or South East Asian to know?FT explains why the US and Europe must "defend" Taiwan.
"Why Taiwan matters to the world"
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If they don't intervene when the time actually comes, the world will think the US is full of shit. If they do intervene and then lose, that's gonna be even worse. The only way out is for the US to intervene and win. However, China maintains the initiative on when and how they want to challenge the status quo.