Bessent: Treasury pushed to blacklist Megaspeed, but ‘Commerce has the pen’
Also reported by PBS NewsHour, Newsweek, CBS News, BBC Tech, Axios, Al Jazeera, France24
Summary
Treasury Secretary Scott Bessent said Treasury and other agencies pushed to place Megaspeed on a U.S. trade blacklist over national security concerns. He said Commerce Secretary Howard Lutnick’s department controls the decision, and the administration has not blacklisted the company.Key Facts
- Scott Bessent is the Treasury secretary.
- Megaspeed is an Nvidia customer.
- The proposed blacklist action cited national security concerns.
- Bessent said Treasury pushed to blacklist Megaspeed.
- Bessent named the War, Trade Representative and State departments alongside Treasury in discussing the push.
- Bessent said Commerce controls the blacklist decision.
- The Trump administration has not placed Megaspeed on the blacklist.
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