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

The trade war is kind of working

Illustration: Lazaro Gamio/Axios

U.S. manufacturers and small businesses have been hit hard by the trade war, but recent data shows that China is really suffering.

Driving the news: China's total exports fell for the 12th straight month in November, dropping 1.1% from a year ago, and exports to the U.S. have fallen more than 20%, according to China’s customs administration.

World trade is getting more restrictive

Reproduced from World Trade Organization; Note: Does not reflect cumulative value; Chart: Axios Visuals

Trade is getting more restrictive around the globe. In the six months through October, newly introduced trade restriction policies in G20 countries covered the 2nd highest amount of goods on record, according to a new report from the World Trade Organization.

G20 economies implemented 28 new trade-restriction measures in the last six months — not just through tariff increases, but also through import bans and stricter customs procedures.

Go deeperArrowNov 22, 2019

Trump brings the trade war back to life

Illustration: Sarah Grillo/Axios

The trade war looks to be back on in a big way after a series of pronouncements from President Trump and the White House.

The latest: Trump told reporters in London Tuesday he had "no deadline" for a China deal and that he liked "the idea of waiting until after the election for the China deal."

Go deeperArrowDec 3, 2019