# Bessent criticises Lutnick over delayed export controls on Megaspeed

- URL: https://talkfuse.com/story/trump-cabinet-civil-war-breaks-out-after-scott-bessent-throws-howard-lutnick-under-the-bus-live-on-cnbc-over-nvidia-scandal/
- Published: 2026-11-13T17:58:07+00:00
- Updated: 2026-11-13T18:21:55+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16290623/Trump-Cabinet-civil-war-breaks-Scott-Bessent-throws-Howard-Lutnick-bus-live-CNBC-Nvidia-scandal.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Asia, Business, Companies, World

## Key points

- Bessent faulted Lutnick for delaying proposed controls on Megaspeed.
- The Singapore firm remains off the US Entity List.
- US prosecutors are investigating suspected chip transfers to China.

## Summary

Treasury Secretary Scott Bessent criticised Commerce Secretary Howard Lutnick for not approving proposed export controls on Megaspeed, a Singapore-based data firm under investigation over suspected transfers of advanced Nvidia chips to China. The dispute has exposed a rift within the Trump administration over responsibility for enforcing restrictions intended to limit China’s access to leading US technology.

Bessent said Treasury and several other departments had supported placing Megaspeed on the Commerce Department’s Entity List for months, but Commerce controls that decision. The company remains off the list, which would restrict US chip exports, and denies supplying advanced chips to China. Lutnick has agreed to testify to the Senate Banking Committee next month, while US prosecutors are investigating Megaspeed and whether former executive Alice Huang helped move chips to China.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.