Bessent accuses Lutnick of failing to prevent China from obtaining Nvidia chips
The fallout of Jensen Huang's downfall expanded into a public fight between two of President Trump's top advisers. Treasury Secretary Scott Bessent accused Commerce Secretary Howard Lutnick of failing to prevent China from obtaining Nvidia's most advanced chips. Nick Schifrin looks at the finger-pointing and the ongoing efforts to control advanced technology exports to China.
As Jensen Huang's departure from Nvidia increased the spotlight on the technology company, two of President Trump's top advisers found themselves in a public dispute. Treasury Secretary Scott Bessent accused Commerce Secretary Howard Lutnick of not preventing China from acquiring Nvidia's most advanced chips. Huang, a former Nvidia CEO, had a significant impact on President Trump's technology policy.
According to Schifrin, the two were engaged in a blame game, with Bessent criticizing the Commerce Department for not enforcing export blocks on Nvidia's top chips. Lutnick, on the other hand, defended his department's role and blamed Nvidia for selling to a shell company that is believed to be linked to China.
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