Nov 13, 2019

Report: China hacked key manufacturing group during Trump's trade talks

Suspected Chinese hackers breached an influential trade group earlier this year as U.S.-China trade negotiations began to boil, according to a report by Reuters.

Why it matters: The targeted trade group, the National Association of Manufacturers (NAM), has aided Trump administration officials in organizing events at manufacturing plants across the country, promising to rebuild factory jobs in the U.S.

  • Between the lines: All countries, including the U.S., use espionage to better their negotiating position during trade talks.

The big picture: Reuters cites two anonymous sources who say hackers using Chinese hacking "tools and techniques" targeted NAM over the summer.

  • The attacks intensified around the time that NAM President Jay Timmons met with President Trump — just before official trade talks reconvened.
  • NAM spokeswoman Erin Streeter told Reuters that the group "identified suspicious activity relating to certain company systems and investigated the matter, adding that its network was now secure.

Go deeper: A hacker group of Chinese spies is stealing text messages

Go deeper

Updated 24 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 6,294,222 — Total deaths: 376,077 — Total recoveries — 2,711,241Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 1,811,277 — Total deaths: 105,147 — Total recoveries: 458,231 — Total tested: 17,340,682Map.
  3. Public health: Nearly 26,000 coronavirus deaths in nursing homes have been reported to federal health officials —Coronavirus looms over George Floyd protests across the country.
  4. Federal government: Trump lashes out at governors, calls for National Guard to "dominate" streets.
  5. World: Former FDA commissioner says "this is not the time" to cut ties with WHO.
  6. 🎧 Podcast: The virus didn't go away.

More than 1 in 6 black workers lost jobs between February and April

Adapted from EPI analysis of Bureau of Labor Statistics data; Chart: Andrew Witherspoon/Axios

As is often the case, the staggering job losses in the coronavirus-driven recession have been worse for black workers.

By the numbers: According to a report from the Economic Policy Institute, titled "Racism and economic inequality have predisposed black workers to be most hurt by coronavirus pandemic," more than 1 in 6 black workers lost their jobs between February and April.

Coronavirus could lower GDP by $15.7 trillion

Reproduced from Congressional Budget Office; Chart: Axios Visuals

The CBO released projections on Monday for U.S. nominal GDP to be lower by $15.7 trillion over the next decade than its estimate in January as a result of the coronavirus pandemic.

What they're saying: It predicts that when adjusted for inflation GDP will be $7.9 trillion lower over the next decade and down by $790 billion in the second quarter of this year — a 37.7% quarterly contraction.