‘Why Megaspeed not on entity list?’: Bessent vs Lutnick clash exposed in public over NVIDIA scandal

Treasury Secretary Scott Bessent has publicly pointed fingers at Commerce Secretary Howard Lutnick over the growing NVIDIA-Megaspeed-China spy scandal, exposing a widening rift inside the Trump administration. Bessent says multiple government agencies supported placing Megaspeed on the US Entity List, but the final decision rested with Lutnick's Commerce Department. Reports of a tense Situation Room confrontation, allegations of Chinese chip diversion and growing calls for Lutnick to answer to Congress have intensified scrutiny.