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Written by: Michael Caldwell on February 23, 2013.on February 24, 2013.
The Obama administration is considering whether to use economic sanctions to strike back against China for supposedly hacking into and spying on U.S. companies, but battleful measures risk sparking a trade war with an crucial economic partner.
Last week, the White House disclosed a strategy aimed at combating the theft of trade secrets. Among other steps, the administration said it will use “trade policy tools” to force other countries to stop hacking U.S. companies and to impose intellectual property laws.
The policy document was not centered on China, but referred to numerous instances of the Chinese stealing sensitive business information from U.S. companies to use for their own trade goods.
Mike McNerney, a cyber-security adviser and former Defense Department official, said the Chinese government is engaged in a monumental movement to steal the innovations of U.S. Companies.
“We don’t hack into a Chinese company and steal their trade secrets and give it to Google, Apple or Ford. We view that as illegal.” he said.
Reposted with permission.
Eric Holder vs the Chinese military. We are soooo screwed.
Yes, “making waves” with China who the USA owes gazillions is walking on thin ice. Keep in mind that America is no longer a super power. And China, Iran, Syria, North Korea, etc, have us on their “cross hairs”!