Howard Lutnick has one job: Keep America’s most dangerous technology out of China’s hands. But he failed this task and got rich doing it.
A Chinese spy allegedly ran one of Nvidia’s biggest customers. The Commerce Department knew for a year and they did nothing. The chips kept flowing. The spy stayed free. And Lutnick’s net worth doubled to $7.3 billion.
The Failure
The Commerce Department has not added a single company to the Entity List since October 2025. Not one. In a year when China is racing to build AI weapons. In a year when suspected spies are running Nvidia’s biggest customers. In a year when the entire national security apparatus is screaming about the threat. Lutnick’s agency has done nothing.
The probe into Megaspeed was launched under Biden. Then it was abruptly transferred to the Justice Department. Nobody has explained why. Nobody has been held accountable. And the chips are still in China.
The Money
Lutnick had a 33 percent stake in a joint venture with a Chinese state-owned company. His firm helped Chinese companies go public in the U.S. His firm invested in a satellite company under contract with a Chinese data science company until 2033. And his family’s net worth doubled after he took office.
The Friendship
Jensen Huang told Joe Rogan what Lutnick said to him the first time they met as secretary and CEO.
“You’re a national treasure. Nvidia is a national treasure. And whenever you need access to the president, the administration, you call us.”
The Bottom Line
Commerce Secretary Howard Lutnick is accused of protecting Nvidia CEO Jensen Huang while failing to stop AI chips from reaching China. The Commerce Department has not added a single company to the Entity List since October 2025. Lutnick’s wealth has doubled since he took office. Critics say either he is incompetent or he is complicit.
My Opinion
Howard Lutnick is a traitor. He was handed the keys to America’s export controls and tasked with keeping the most dangerous technology in the world out of the hands of the people who want to destroy us. And what did he do? He let it flow to a company run by a suspected Chinese spy while his own bank held $1.2 billion in Nvidia stock and his net worth doubled.
If this is not corruption, plain and simple, then I don’t know what it is.
Chris McGuire said it best. “Either Lutnick doesn’t know how to do his job or he is protecting Huang.” There is no “he was just following the law” defense. The law exists to stop this and he did not stop it.
The Entity List has not been used since October 2025. Not even once in a year when China is building AI weapons and suspected spies are running Nvidia’s biggest customers.
Lutnick promised to be tough on China and then he did nothing because he was too busy collecting his $5.4 billion stake in Tether.
If this were a Democrat, Republicans would be calling for his head. They would be holding hearings and screaming about treason and corruption and the selling of America.
But Lutnick is one of them. So they say nothing.
