Bessent blames Lutnick's Commerce Department for not restricting Nvidia chips to China
WASHINGTON — Treasury Secretary Scott Bessent said Friday he was frustrated with the Commerce Department’s delay in implementing restrictions over the export of certain Nvidia chips to China.
TL;DR
- Treasury Secretary Scott Bessent is frustrated with the Commerce Department's delay in restricting Nvidia chip exports to China.
- Other departments, including State, Defense, and the U.S. Trade Representative, have been in favor of export restrictions for months.
- The Commerce Department is responsible for implementing these export control measures.