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Axios reported, citing senior-level sources, that U.S. Commerce Secretary Howard Lutnick repeatedly blocked the Donald Trump administration’s efforts to stop companies suspected of diverting Nvidia chips to China. Trump had directed officials to take tough action against these companies for the third time this year. Treasury Secretary Scott Bessent confronted Lutnick over his department’s resistance to enforcing export controls. Lutnick agreed to move forward, but said he needed to consult with Trump.
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