Report
Axios: Lutnick stalled Trump's crackdown on suspected Nvidia chip diversions to China
Trump approved action at least three times, but it remains unimplemented, sources told Axios.
TLDR
Commerce Secretary Howard Lutnick repeatedly delayed restrictions on companies suspected of diverting Nvidia AI chips to China despite Trump's approval, Axios reports, citing six high-level sources. The outlet says Lutnick warned of a trade war and proposed developing more options after Trump ordered action. A Commerce spokesperson denied that Treasury Secretary Scott Bessent confronted Lutnick and did not immediately comment on the other allegations.
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