Lutnick stalls Trump crackdown on Nvidia chip diversion to China

reuters.com [$] —

US Commerce Secretary Howard Lutnick stalled President Donald Trump's crackdown on companies suspected of diverting Nvidia's chips to China, Axios reported on Wednesday, citing high-level sources. Trump authorized the crackdown on Thursday, marking the third such action this year, after consulting billionaire Elon Musk. Lutnick has repeatedly blocked implementation, according to Axios. 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. Bessent confronted Lutnick over his department's resistance, and Lutnick said he needed to check with Trump.


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