US authorities turmoil stalls hundreds of export approvals

Reuters experiences from sources that the US authorities turmoil stalls hundreds of export approvals:

• The backlog is hurting US exporters and alerts a deep dysfunction on the US Commerce Division.
• Shipments of AI chips from Nvidia are essentially the most high-profile instance of licenses not being accredited
• Sources mentioned that this week no licenses have been issued and billions of of AI chip orders are at stake.
• The backlog is reportedly viewpoint the us in over three a long time

Maybe the report is a bit exaggerated from the “sources” . I do not suppose the demand will out of the blue disappear, however with all of the commerce offers occurring, and Commerce Sec. Lutnick being concerned, I can think about issues are a “whack a mole” standing the place you would possibly hit one, however many others do not get hit (or go on the again burner).

This text was written by Emma Wang at investinglive.com.