Commerce Department
4 stories tracked ·
from 13 outlets · last coverage 2026-11-14 · Rising · ranked by independent sources, not by us
World
Treasury Secretary Scott Bessent told CNBC that several government agencies "were in favour of putting Megaspeed on the entity list for months," suggesting that Commerce Secretary Howard Lutnick's department failed to block exports of Nvidia's chips to the firm, which is thought to have links with China. The Guardian reports that Lutnick faces growing pressure and possible dismissal as questions emerge over what senior Trump officials knew about an alleged Chinese spy's ties to Nvidia chief Jensen Huang.
Business
Treasury Secretary Scott Bessent told CNBC on Friday that several government agencies, including Treasury, had favored placing Nvidia customer Megaspeed on the U.S. entity list over national security concerns for months, but that the Commerce Department, led by Howard Lutnick, "has the pen" and should be asked about its internal processes. The New York Times reports Bessent also said Nvidia employees should be held accountable if they sidestepped the law, and Axios notes he did not deny reports of tension with Lutnick.
U.S.
Treasury Secretary Scott Bessent faulted the
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Politics
Axios reports, citing multiple sources familiar with the matter, that Commerce Secretary Howard Lutnick was sent a highly classified memo warning about Nvidia CEO Jensen Huang's relationship with Alice Huang, whom the memo's subject matter describes as a suspected Chinese spy. Lutnick oversees the agency responsible for keeping sensitive U.S. technology out of foreign hands, according to the report.
