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Bessent upset Lutnick didn't ban Nvidia chip exports to China-linked firm
Treasury Secretary Scott Bessent is blaming Commerce Secretary Howard Lutnick for allowing Megaspeed, the firm once led by alleged Chinese spy Alice Huang, to circumvent U.S. restrictions by funneling Nvidia chips to China, CBS News has…
Summary
Treasury Secretary Scott Bessent is blaming Commerce Secretary Howard Lutnick for allowing Megaspeed, the firm once led by alleged Chinese spy Alice Huang, to circumvent U.S. restrictions by funneling Nvidia chips to China, CBS News has learned. Megaspeed denies wrongdoing and China denies the spying allegations. Ed O'Keefe has the story.
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