Trump Official Lutnick Stalled Crackdown On Nvidia Chip Diversions To China: Report

Trump on Thursday authorized a crackdown on companies suspected of diverting the chips for the third time this year, Axios reported, adding that the Republican president consulted billionaire Elon Musk before giving the go-ahead.

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  • US Commerce Secretary Howard Lutnick stalled Trump's crackdown on Nvidia chip diversions to China
  • Trump authorized the crackdown after consulting Elon Musk, Axios reported
  • Lutnick repeatedly resisted enforcement of export controls, according to Axios

What is Elon Musk's involvement in US chip policy?

US Commerce Secretary Howard Lutnick stalled President Donald Trump's crackdown on companies suspected of diverting Nvidia's chips to China, Axios reported on Wednesday, citing high-level sources.

Trump on Thursday authorized a crackdown on companies suspected of diverting the chips for the third time this year, Axios reported, adding that the Republican president consulted billionaire Elon Musk before giving the go-ahead.

But Axios reported Lutnick has repeatedly stood in the way.

Lutnick met in the Situation Room on Thursday with US Treasury Secretary Scott Bessent, Defense Secretary Pete Hegseth, Trade Representative Jamieson Greer and Secretary of State Marco Rubio. 

During the meeting, Bessent confronted Lutnick about resistance from his department on implementing the export controls. Lutnick appeared to agree but said he needed to check with Trump, according to Axios.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Howard Lutnick, Nvidia Chip, Trump Crackdown On Nvidia Chips Diversions