A large show of force from the Chinese side in reaction to Tsai's US tour, but I don't think it is sufficient to deter Taiwan. In fact this current reaction is more muted then when Pelosi visited Taiwan. China should consider economic sanctions as further steps.
I believe the response is muted is because Mccarthy did not visit Taiwan, clearly a concession was made because of the response to the Pelosi visit, the responses are calibrated.