Market Chatter: US Commerce Secretary-Designate Promises to Keep China At Bay from US Technology

MT Newswires Live
2025/01/30

US Commerce Secretary nominee Howard Lutnick wants to stop China from using American technology, promising tariffs across the board, the South China Morning Post reported Thursday.

Lutnick said he aims for reciprocity toward his approach with China, including more restrictions on chip sales, open-source AI models, and the hosting of US-made AI models on Chinese servers, the report said.

Lutnick's comments come after Chinese AI startup DeepSeek's rise, about which he said it took US intellectual property, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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