Bessent Warns Taiwan Chip Reliance Risks ‘Economic Apocalypse’
U.S. Treasury Secretary Scott Bessent speaks on the sidelines of the IMF/World Bank annual meetings in Washington on Oct. 15, 2025. Ken Cedeno/Reuters U.S. Treasury Secretary Scott Bessent warned on Jan. 20 that the world economy faces a single, outsized systemic vulnerability because advanced semiconductor production remains overwhelmingly concentrated in Taiwan, saying a blockade or