US Treasury Secretary Scott Bessant accuses the Commerce Department of delaying the imposition of sanctions on Mega-Speed.
US Treasury Secretary Scott Besant publicly accused the Department of Commerce led by Howard Lutnick of delaying efforts to blacklist Megaspeed, a client of NVIDIA, due to national security concerns. This raises tensions within the Trump administration following the resignation of Jensen Huang.
Besant told CNBC that the Treasury Department, the State Department, the Pentagon and the United States Trade Representative all supported the mega-speed limit, but the Commerce Department has refrained from acting despite President Trump's directives to limit the export of advanced Nvidia chips to China.
The controversy comes as various Trump advisers are discussing the possible firing of Lutnik, when concerns about the issue have also been raised directly with the president.