Howard Lutnick Doesn’t Want to Stop the Flow of Nvidia Chips Overseas: Report

Howard Lutnick, Commerce Secretary, resisted adding Singapore-based Megaspeed to the U.S. export ban list despite allegations the company diverted $4B worth of Nvidia chips to sanctioned Chinese entities. Treasury Secretary Scott Bessent confronted Lutnick over this in a White House Situation Room meeting, advocating stricter export controls amid concerns about trade tensions with China.