Word of the announcement came as the Trump administration on Wednesday warned that it would vigorously defend U.S. national interests against «hostile» powers such as China and Russia, vowing to use «all available tools» to
combat unfair practices - a sign that the president may be preparing to erect new trade barriers.
However, US President Donald Trump remains convinced that the proposed 25 % tariff on imported steel, along with a 10 % tariff on imported aluminum, will
combat unfair trading
practices and lead to increased domestic production.
Conclusion: Among others, the «lessons» that can be gleaned from the VTech and VTech USA cases include: (i) IoT / connected toys and devices remain very vulnerable in the face of haphazard / sloppy security
practices; (ii) inadequate security safeguards will no longer be tolerated by regulators, particularly when children's information or other sensitive information is involved; (iii) robust and adequate security safeguards involve multi-level tiers of protection per the above; (iv) vendors should never misrepresent the state of their security
practices in their privacy policies; and (iv) in a connected world, regulators are willing to work together and share data and resources to
combat «deceptive and
unfair practices that cross national borders» (in the words of the FTC).