Capitalism Institute··Sunday, November 15, 2026, 12:02 AM
Bessent blames Lutnick’s Commerce Department for stalling Megaspeed blacklist
Treasury Secretary Scott Bessent blamed Commerce Secretary Howard Lutnick for stalling a blacklist on Megaspeed as advanced Nvidia chips allegedly reached China. Bessent went on CNBC’s Squawk Box and put the delay squarely on the Commerce Department. He said four other agencies had backed tougher action for months. Commerce, he noted, still holds the final
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