Treasury Secretary Scott Bessent says defense giants are 'failing the American people' by falling behind on orders

Treasury Secretary Scott Bessent (left) and Donald Trump.

ANDREW CABALLERO-REYNOLDS / AFP via Getty Images

• Treasury Secretary Scott Bessent took aim at US defense contractors on Tuesday.
• He said they've "let down the American people" by falling behind on fulfilling government orders.
• Bessent warned of an "economic apocalypse" if Taiwan's microchip industry is blockaded or destroyed.

Treasury Secretary Scott Bessent issued a stinging rebuke of US defense companies on Tuesday...