00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Commerce Secretary Howard Lutnick is facing mounting criticism from Trump administration
00:07officials over his ties to NVIDIA CEO Jensen Huang and his handling of chip export restrictions,
00:14according to the Wall Street Journal. The backlash follows reports of Huang's affair
00:18with a suspected Chinese intelligence source. Critics accuse Lutnick of stalling efforts to
00:23restrict AI chip shipments to Southeast Asia. Treasury Secretary Scott Besant and other
00:29officials have confronted Lutnick over the issue. The White House says President Trump
00:34maintains complete confidence in the Commerce Secretary. Lawmakers from both parties are
00:39demanding answers. The Commerce Department is also advancing new restrictions on chip exports
00:44to Southeast Asia. For all things money, visit Benzinga.com.
