A post by @FirstSquawk on X.
BESSENT CONFRONTS LUTNICK OVER MEGASPEED CHINA EXPORT INACTION - AXIOS
@FirstSquawk on X
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Treasury Secretary Scott Bessent has confronted Commerce Secretary Howard Lutnick over what Axios describes as inaction on China export measures tied to Megaspeed, according to a First Squawk post on X. The reported clash pits two senior officials in the same administration against each other over the pace of export-control decisions involving the company. The standoff matters because it signals friction inside the U.S. trade policy apparatus at a moment when China-related restrictions are a central market variable. What to watch next is whether the dispute produces concrete action on Megaspeed or leaves the export file stalled.
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Named in this story
Scott Bessent, Howard Lutnick, Megaspeed, Axios