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IP theft commission: US needs to take strong action

Grant Gross | May 23, 2013
A new report says China is responsible for more than half of the $300 billion in IP theft from the US each year

If shorter-term measures don't work, the U.S. government should consider "aggressive" counterattacks against cyberthieves, the report said. The commission also recommended that Congress consider withholding U.S. funding to the World Health Organization and consider Congress impose a tariff on all Chinese products equal to 150 percent of the U.S. losses from Chinese IP theft if other measures don't work.

Craig Barrett, former chairman and CEO at Intel, called those longer-term ideas the "nuclear option," but said they are worth exploring if other efforts don't work.

 

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