Bessent points finger at Lutnick over Nvidia chip exports as Trump advisers discuss possible Commerce Secretary ouster - WXOW

The public rift between the Treasury and Commerce Departments over Nvidia export controls signals a shift from administrative coordination to internal geopolitical friction. If Lutnick is sidelined, a fiscally hawkish faction will dominate chip restrictions, causing exponential policy volatility. For Nvidia, this translates to surging compliance costs and a tangible disruption to Blackwell architecture deployment in Asia-Pacific. Upstream, HBM and advanced packaging suppliers face order fragmentation, forcing supply chains to accelerate diversification into Southeast Asia and Mexico to mitigate single-policy risks. Competitors like AMD and Intel will exploit this window, leveraging more agile compliance structures to capture enterprise market share. Over the next 12-24 months, US export controls will exhibit a 'fragmented' character. Corporations must build dynamic compliance hubs rather than relying on static policy expectations, as the strategic ambiguity becomes the new normal.