Bessent blames Lutnick's Commerce Department for not restricting Nvidia chips to China

Economic Times - Nov 13, 2026

Treasury Secretary Scott Bessent has publicly expressed frustration regarding the Commerce Department's delay in implementing export restrictions. The restrictions concern Nvidia chips, particularly those sold to companies like Megaspeed International, linked to CEO Jensen Huang. Huang resigned amid allegations of having an affair with Megaspeed's CEO, who is suspected of espionage. Members of Congress have called for explanations regarding Commerce Secretary Howard Lutnick's decision-making in this matter.

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