Bessent accused Lutnick of failing to ban exports of Nvidia chips to China-linked company Megaspeed
Bessent upset Lutnick didn't ban Nvidia chip exports to China-linked firm
AI summary
U.S. Treasury Secretary Bessent accused Commerce Secretary Lutnick of allowing Megaspeed to evade U.S. restrictions and transship Nvidia chips to China. Megaspeed was once headed by Alice Huang, who has been accused of being a Chinese spy; it denies any wrongdoing, and China has also denied the related espionage allegations.
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