Lutnick Can’t Blame Treasury for Nvidia China Chip Mess After Bessent Sets the Record Straight

<![CDATA[Treasury Secretary Scott Bessent appeared on CNBC’s Squawk Box Friday morning to talk about the Nvidia situation and was pretty direct (by Washington standards) in his assessment of Commerce Secretary Howard Lutnick’s handling of the situation. Bessent also pointed out that the narrative that the scandal is just about one man’s inability to keep it in his pants is false framing; it’s about whether Nvidia knew its client and, secondarily, about Commerce’s failure to enforce controls in its sole jurisdiction and add Megaspeed to the Entity List.]]>