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Axios: Lutnick stalled Trump crackdown on Nvidia chip diversion to China
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US Commerce Secretary Howard Lutnick stalled President Donald Trump's crackdown on companies suspected of diverting Nvidia chips to China, Axios reported Wednesday, citing senior sources. Trump authorized the crackdown on Thursday, the third such action this year, after consulting billionaire Elon Musk before approval, according to Axios. The report said Lutnick repeatedly obstructed the effort. On Thursday, Lutnick met in the Situation Room with Treasury Secretary Scott Bessent, Defense Secretary Pete Hegseth, Trade Representative Jamieson Greer, and Secretary of State Marco Rubio. During the meeting, Bessent confronted Lutnick over his department's resistance to enforcing export controls, Axios reported. Lutnick appeared to agree but said he needed to confirm with Trump.
Source report
US Commerce Secretary Howard Lutnick stalled President Donald Trump's crackdown on companies suspected of diverting Nvidia chips to China, Axios reported on Wednesday, citing senior sources.
Trump on Thursday authorized a crackdown on companies suspected of chip diversion — the third such action this year — and the Republican president consulted billionaire Elon Musk before approving it, according to Axios.
However, Lutnick repeatedly stalled the matter, Axios reported.
On Thursday, Lutnick met with Treasury Secretary Scott Bessent, Defense Secretary Pete Hegseth, Trade Representative Jamieson Greer, and Secretary of State Marco Rubio in the Situation Room.
During the meeting, Bessent confronted Lutnick over resistance within his department to enforcing export controls, according to Axios. Lutnick appeared to agree but said he needed to confirm with Trump.
Source: Reuters
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