Lutnick Told Colleagues He Was Following Trump's Wishes in Stalling Nvidia Chip Curbs

Commerce Secretary Howard Lutnick told colleagues he was following what he believed President Donald Trump wanted by holding back tighter export controls on Nvidia AI chip sales. Treasury Secretary Scott Bessent publicly blamed Lutnick's department for failing to blacklist Singapore-based Nvidia customer Megaspeed. Four agencies, including Treasury, War, USTR, and State, had pushed for months to blacklist Megaspeed over suspected chip diversions to China.