China’s undersea cable threat raises $10T fears as Trump-Xi talks loom

The US economy is under threat from China targeting undersea cables, which carry 99% of global data and support up to $10 trillion in daily financial transactions. A former US intelligence official warned that adversaries like China and Russia are devoting more resources to attacking undersea infrastructure than the US or its allies are to defending it. The issue is expected to be discussed during talks between President Donald Trump and Chinese President Xi Jinping.