Treasury Secretary Bessent blames the Commerce Department for delaying the blacklisting of a Chinese data firm, while Commerce Secretary Lutnick agrees to testify about his ties to Nvidia.
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Treasury secretary says he was in favor ‘for months’ of putting Megaspeed on blacklist to stop Nvidia exporting advanced chips to BeijingSign up for the Breaking News US emailAs I noted earlier, the calls for Howard Lutnick to appear before lawmakers on Capitol Hill have been answered.According to several reports, the commerce secretary has “proactively agreed to appear voluntarily” before the Senate banking committee on 10 December to discuss his relationship with former Nvidia CEO Jensen Huang, and any delay in preventing Megaspeed from buying considerable sums of Nvidia’s advanced chips. Continue reading...
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