🇺🇸🇨🇳⚡️ — Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick during a White House Situation Room meeting over his failure to blacklist Megaspeed, an Nvidia customer accused of illegally diverting advanced American chips to China, according to Axios. “How come Megaspeed isn't on the entities list?” Bessent reportedly asked Lutnick, who responded, “I don't know. I'll look into it.” Sources said Lutnick had resisted efforts to sanction Megaspeed for nearly a year, out of concern that such measures could escalate trade tensions with China. Commerce Undersecretary Jeff Kessler had also received repeated warnings about the company but deferred the decision to Lutnick.