Hudson Institute Director of Chinese Strategy Michael Pillsbury told Maria Bartiromo on Fox Nation that China is "basically stealing us blind" with their maneuvers against American technology and innovation.

Bartiromo said officials from both sides will soon be meeting to try to "diffuse" Sino-American trade tensions.

"The FBI uncovered a lot of economic espionage cases," Pillsbury said. "Especially in California."

He said that initially, the cases were not seen as being orchestrated by the Chinese government, but as the picture became clearer over the last few years, that became evident.

Pillsbury said the issue with China is "bigger than the border and [than] Russia collusion."

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"[The United States] could lose technological supremacy over it," he said.

Pillsbury added that American allies Germany and Japan are equally worried about China's activities in this regard.

He said that the German tech sector is especially concerned.

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