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All posts tagged "Megaspeed"

‘Guilty as sin’: Sharks circle Howard Lutnick after cabinet ally’s TV betrayal

‘Guilty as sin’: Sharks circle Howard Lutnick after cabinet ally’s TV betrayal

Online critics piled onto Commerce Secretary Howard Lutnick after a fellow member of President Donald Trump's Cabinet threw him under the bus on live TV.

Treasury Secretary Scott Bessent laid the blame at Commerce's door during a TV appearance Friday, asserting that several agencies had pushed for months to add Megaspeed, a Singapore-based company, to a federal trade blacklist known as the entity list, which falls under the Commerce Department.

Megaspeed has been accused of illegally funneling advanced U.S. chips to China, and Bessent reportedly confronted Lutnick in the White House Situation Room last week over why the firm hasn't been blacklisted. CNN reported that Trump advisers have been discussing pushing Lutnick out....