Trump’s Rejection of Iran Offer Highlights Another Big Problem

Beijing says artificial intelligence will give the state a visible hand to allocate capital. Here’s the rub: Washington’s economic authority sits in five places, and none of them is in command.This column begins a four-week series ahead of The Cipher Brief Threat Conference on economic-warfare. The author is hosting a live session on this topic with former Commander of U.S. Special Operations Command, General Bryan Fenton (Ret.). Apply now to attend.On September 26, the President answered the week's largest security question in just four words: "I'm rejecting their deal." Iran's offer to reopen the Strait of Hormuz within seven days, in exchange for lifting the blockade and waiving oil sanctions, had been on the table since September 24. It received its answer in public, from the one official authorized to give it, inside forty-eight hours.The week's economic questions received no answer of that kind. The trade truce with China, and the pause on Beijing's rare-earth licensing regime tied to it, moved from November 10 to January 10 on the strength of a Treasury Secretary's statement; Beijing has yet to publish a matching notice.The Russia sanctions act the President signed on Septem...