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Susan Walsh / AP

In a new report obtained by Axios, the Chamber of Commerce spotlights one of the Trump Administration's under-the-radar challenges: how to protect America's ideas.

Why it matters: Today's report provides fuel for the business community to get the President focused on IP enforcement as part of his "America First" agenda. Stolen intellectual property costs the U.S. at least quarter of a trillion dollars in revenue every year. In his speeches Trump complains about other countries "ripping off" America. But while he understands the IP challenge from his business career, he's not thrust it into politics. Yet.

Headlines:

  • Slipping in IP protection: Over five years, America slipped from 2nd to fifth on enforcement. Beating us are the U.K., Sweden, France, Germany.
  • Key weakness for the U.S: "Inconsistent enforcement against counterfeit and pirated goods, especially goods sold online."
  • China: World leader in production of counterfeit goods, but its IP system overall is middle-road. Ranks 27th out of 45 world economies graded in the report.
  • India: Worse than you might think. Ranked 43rd out of 45. Problems include software patentability, life sciences patents, copyright protection and enforcement, and trade secrets protection. "The country's own Bollywood industry…[is] estimated to lose almost $3 billion to piracy each year."

What can be done:

The report pinpoints key areas the Trade Facilitation and Trade Enforcement Act of 2016 should be applied "to identify and speedily address potential counterfeits." The business community is calling for increased enforcement resources at U.S. ports to address the volume of small parcels flooding in and to close gaps between authorities and rights holders as they work together to crack down on IP theft.

Go deeper

3 hours ago - World

U.S. and NATO answer Putin in writing while bracing for Ukraine invasion

NATO Secretary-General Jens Stoltenberg. Photo: Dursun Aydemir/Anadolu Agency via Getty

The U.S. and NATO provided Russia with written proposals on Wednesday to advance a "diplomatic path forward," even as they warned that Russia could invade Ukraine within days.

Why it matters: This is a delicate diplomatic balancing act. The U.S. and NATO want to show they're serious about diplomacy but unwilling to compromise on "core principles" — all without providing Vladimir Putin with an additional pretext for escalation.

The political leanings of the Supreme Court justices

Data: Martin-Quinn scores; Chart: Axios Visuals

The Supreme Court will continue to have a solid conservative majority even with Justice Stephen Breyer's retirement.

How to read the chart: An analysis by political scientists Andrew Martin and Kevin Quinn, known as the Martin-Quinn Score, places judges on an ideological spectrum. A lower score indicates a more liberal justice, whereas a higher score indicates a more conservative justice.

The front-runners for Biden's Supreme Court pick

Judge Kentaji Brown Jackson (left) and Justice Leondra Kruger (right) Tom Williams-Pool/Getty Images and Lonnie Tague, US Department of Justice

Two highly accomplished Black female judges — Ketanji Brown Jackson, a judge on the D.C. Circuit Court of Appeals; and Leondra Kruger, a justice on the California Supreme Court — are seen as the early front-runners to replace retiring Supreme Court Justice Stephen Breyer.

The big picture: Jackson is a powerful federal judge with a record that progressives feel they can trust. Kruger was a highly regarded litigator and has carved out a reputation for working well with conservative judges.