Bessent puts Megaspeed heat on Lutnick: "Commerce has the pen"
Driving the news: " Treasury, War, USTR, and State — they were in favor of putting Megaspeed on the entity list for months, but Commerce has the pen," Bessent said on CNBC Friday morning.
Key points
- chips to China, and former Nvidia CEO Jensen Huang admitted he had an affair with an executive from the company.
- “This guy has nine lives,” a person close to the White House told Semafor.
- “How many does he have left?” — Eleanor Mueller and Shelby Talcott.
The scrutiny has raised questions about Lutnick’s job security, but many Republicans are still publicly defending the close Trump ally, leaving few certain that he may really be on his way out.
Commerce Secretary Howard Lutnick is coming under more friendly fire over his department’s policing of AI chip exports.
Additional details
- The Commerce Department did not immediately respond to Axios' request for comment.
- has identified the woman, Alice Huang, as a suspected Chinese intelligence asset.
- The Singapore tech company has been accused of illegally diverting U.S.
- have to ask them about their internal processes," he added.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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