Washington divided over how to deal with fallout from the Nvidia case

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2 Video Views·Nov 14, 2026
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President Donald Trump is happy to talk
to the media about the Jensen Huang affair, but
his staff say he won't bring it up
with his Chinese counterpart Xi Jinping at their meeting
next week.
Perhaps surprising given parts
of his own administration believe China ensnared one
of America's most powerful businessmen in a honeypot
and smuggled in billions of dollars
worth of restricted computer chips.
A leak that Treasury Secretary Scott Bessent says hurts America.
So any leakage is very frustrating
because it hurts our great companies and the AI race
gives the Chinese an advantage.
Trump is close to Jensen Huang
and reportedly took no action when US officials briefed him
on suspected spy Alice Huang a year ago.
Her Singapore company MegaSpeed is under US investigation
for allegedly breaching export restrictions.
Bessent has now acknowledged that government departments disagreed
on whether to blacklist the company.
Treasury, War, USTR and State,
they were in favor of putting MegaSpeed on the entity list for months.
But Commerce has the pen, Commerce BIS has the pen,
and you will have to ask them about their internal process.
Commerce Secretary Howard Lutnick reportedly resisted
placing more limits on the sale of chips to China.
Numerous members of Congress are calling on him to testify,
and Reuters reports the White House
is considering showing him the door.
