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Bessent faults Commerce Dept.

Bessent faults Commerce Dept.

Treasury Secretary Scott Bessent accused the Commerce Department, led by Howard Lutnick, of failing to blacklist Nvidia customer Megaspeed over concerns it could divert advanced chips to China. Bessent said multiple agencies supported the move and argued that the delay ran counter to President Donald Trump’s directive restricting China’s access to Nvidia chips above the A100 level. Some Trump advisers have discussed whether Lutnick should be dismissed, but the White House has publicly expressed confidence in him.

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