Spotlight: U.S. threatens trade sanctions against nations engaged in corporate espionage

Renewed reports of Chinese government cyber espionage prompt White House move

The White House is threatening trade sanctions against countries that engage in corporate espionage against U.S. companies, the Wall Street Journal is reporting. The threat is contained in a strategy aimed at countering cyber espionage as well as cyber attacks by state-sponsored groups. The strategy was developed in response to renewed reports about Chinese government cyber espionage, the publication noted. Last October, the House Intelligence Committee accused Chinese telecom equipment makers Huawei and ZTE of inserting backdoors into their network equipment so the Chinese government could steal industrial and military secrets. The Chinese government and companies vehemently denied those charges. Read more