Lutnick reportedly stalled Trump's crackdown on diversion of Nvidia chips to China
NVDA•Commerce Secretary Howard Lutnick reportedly stalled President Donald Trump's effort to crack down on companies suspected of diverting Nvidia chips to China. At a Thursday meeting, Treasury Secretary Scott Bessent confronted Lutnick over his department's resistance to implementing export controls.
1. Export control discussions
Trump authorized a crackdown for the third time this year on companies suspected of diverting Nvidia chips to China. He reportedly consulted Elon Musk before giving the go-ahead.
2. Lutnick's response
At a Thursday Situation Room meeting with Lutnick and other senior officials, Bessent confronted Lutnick about his department's resistance to implementing export controls. Lutnick appeared to agree but said he needed to check with Trump.
