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Intellectual property concerns have landed India on the 'Priority Watch List', for which the report cites weak patent protections and a lack of trade secret laws.

Actor Samuel L. Jackson revealed a trade secret from Bruce Willis that the actor says kept him sane during his five-decade career in Hollywood.

The report equates the file downloads to the theft of “trade secrets,” arguing that the “economic value” to news reporters who obtained them would be “incalculable.”

Mr. Smith argued that Microsoft’s business in China served American interests by protecting the trade secrets of Microsoft’s American customers operating there and learning from what’s going on in the rest of the world.

The fee varies from industry to industry, and the fees that the largest merchants pay are typically a closely guarded trade secret.