Lutnick stalled Trump crackdown on diversion of Nvidia chips to China, Axios reports
Axios said Lutnick has blocked the controls at least three times this year, while Trump later approved a crackdown after consulting Elon Musk.
- Commerce Secretary Howard Lutnick is stalling President Donald Trump's crackdown on companies suspected of diverting Nvidia chips to China, Axios reported on Wednesday, citing high-level sources.
- Intervening at least three times this year, Lutnick has acted as a persistent bottleneck for such actions, standing alone against the rest of the administration to delay implementation.
- During a Nov 5 Situation Room meeting, Treasury Secretary Scott Bessent challenged Lutnick over delays in blocking chips from firm Megaspeed. Attendees included Defense Secretary Pete Hegseth, State Marco Rubio, and Trade Representative Jamieson Greer.
- Consulting billionaire Elon Musk, Trump backed the restrictions after the meeting. Although the president authorized the crackdown, Axios reports these export controls have still not taken effect.
- Commerce spokesperson Kristen Eichamer disputed that Bessent confronted Lutnick, offering no comment on the rest of the account. Lutnick reportedly fears the move would provoke a trade fight with Beijing.
30 Articles
30 Articles
Trump Cabinet official blocking new espionage investigation
Axios reported Wednesday afternoon that one Cabinet official in President Donald Trump's administration is the reason there hasn't been an espionage investigation into the CEO of Nvidia, who was in a relationship with a woman that U.S. intelligence believed to be a spy. It was reported this week that members of Trump's Cabinet were briefed on the spy that chip maker Nvidia CEO Jensen Huang admitted to having an extramarital affair with. Now, New…
CEO Jensen Huang admitted to an affair with a businesswoman suspected of spying for Beijing, amid the intense AI race between China and the United States.
Trump’s cabinet turns on Lutnick for stalling China AI chip crackdown: report
Treasury Secretary Scott Bessent challenged Commerce Secretary Howard Lutnick over delays in blocking Nvidia chips from China, Axios reports — though the Trump administration disputes this.Lutnick, per the report, has been the main bottleneck holding up a major national security policy intended to s...
Commerce Sec. Lutnick stalled Pres. Trump's Nvidia China chip curbs after talks, according to Axios
CNBC's Megan Cassella reports on Axios's account that Trump authorized crackdowns at least three times on firms routing Nvidia chips to China. Commerce Secretary Howard Lutnick allegedly stalled action.
TRADE SECRETARY Howard Lutnick is slowing implementing President Trump's plan to crack down on companies that allegedly divert Nvidia chips to China, despite Trump's approval.
Trump Official Lutnick Stalled Crackdown On Nvidia Chip Diversions To China: Report
Trump on Thursday authorized a crackdown on companies suspected of diverting the chips for the third time this year, Axios reported, adding that the Republican president consulted billionaire Elon Musk before giving the go-ahead.
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Bias Distribution
- 38% of the sources are Center
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