Bessent signals Commerce holds pen on Megaspeed national-security listing amid interagency rift

Treasury Secretary Bessent publicly deferred to Commerce on the Megaspeed national-security designation, implicitly confirming friction with Secretary Lutnick over inaction. The Singapore firm faces allegations of diverting U.S. chips to China, and the interagency split could delay or alter the listing. This is a first public acknowledgment of the dispute, signaling potential policy paralysis on a high-stakes export-control matter.

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