It seems like a lot of laptop manufacturers skipped the USB 3.2 Gen2x2 in favor of USB4/TB4.
It is probably the speed of it being read into RAM.
Try entering sync right after copying to see how long it really takes
It beats my previous desktop's RAM speed, what a time to live in.
Of course, just give them some time and they'll come up with USB4 "gen classic" at 11 Mbps.
https://www.aliexpress.com/item/1005008555989592.html
I have one of these, though I'm using with a USB 3.x port as that's what my desktop has. For me it's working fine, and for others with actual USB 4 ports it seems to be working properly for them.