Economic and Security Threats
Over the past several months, reports issued by the U.S. government have highlighted concerns about the economic and national security concerns that China’s government policies have raised regarding the growing Internet of Things (IoT) market. These reports have already had a substantial impact on influencing U.S. laws and policies, from trade actions such as the recent tariffs imposed on China to the ban on the federal government using certain telecommunications equipment manufactured by Chinese state-owned companies.
On October 26, 2018, the U.S.-China Economic and Security Review Commission, which was authorized by Congress to identify potential conflicts between the U.S. and China, released a report titled China’s Internet of Things. The report highlights the economic and security risks that China’s dominance of the global IoT market could have on the United States moving forward—primarily, the influence that China could have on guiding the global IoT industry as a whole, the cybersecurity threat that its joint civil-military initiatives r…
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