When China messes with U.S. companies as in the hack of Microsoft’s email software, the White House has shame, tariffs and sanctions at its disposal. Only the last one might work and it’s the hardest to deploy; companies will pay the price, GinaChon says.
email software that affected thousands of businesses. Censure isn’t likely to outweigh the benefits of obtaining trade secrets, though. Tariffs may be another option, but they hurt American consumers too, as Treasury Secretary Janet Yellen noted last week.
Sanctions, meanwhile, have been effective in the past. In 2015, the Barack Obama administration moved to cut off Chinese companies benefiting from hacks from the U.S. financial system until Beijing pledged to rein in cyber attacks. That worked for a while, though incursions picked up again after Donald Trump took office in 2017.
The problem is that China can easily retaliate against sanctions. Brands with a big presence there, like Apple
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