Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

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

Mike Allen, author of AM
11 mins ago - Politics & Policy

Why Trump may still fire Barr

Photo: Jabin Botsford/The Washington Post via Getty Images

Attorney General Barr may be fired or resign, as President Trump seethes about Barr's statement this week that no widespread voter fraud has been found.

Behind the scenes: A source familiar with the president's thinking tells Axios that Trump remains frustrated with what he sees as the lack of a vigorous investigation into his election conspiracy theories.

Mike Allen, author of AM
11 mins ago - World

Scoop: Trump's spy chief plans dire China warning

Xi Jinping reviews troops during a military parade in Beijing last year. Photo: Thomas Peter/Reuters

Director of National Intelligence John Ratcliffe on Thursday will publicly warn that China's threat to the U.S. is a defining issue of our time, a senior administration official tells Axios.

Why it matters: It's exceedingly rare for the head of the U.S. intelligence community to make public accusations about a rival power.

Ina Fried, author of Login
31 mins ago - Technology

Tech's race problem is all about power

Illustration: Eniola Odetunde/Axios

As problematic as the tech industry's diversity statistics are, activists say the focus on those numbers overlooks a more fundamental problem — one less about numbers than about power.

What they're saying: In tech, they argue, decision-making power remains largely concentrated in the hands of white men. The result is an industry whose products and working conditions belie the industry rhetoric about changing the world for the better.