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As US President Joe Biden’s administration implements its strategy of great power competition with China, analysts seek historical metaphors to explain the deepening rivalry. But while many invoke the onset of the Cold War, a more worrisome historical metaphor is the start of World War I. In 1914, all the great powers expected a short third Balkan War. Instead, as the British historian Christopher Clark has shown, they sleepwalked into a conflagration that lasted four years, destroyed four empires, and killed millions.

As US President Joe Biden’s administration implements its strategy of great power competition with China, analysts seek historical metaphors to explain the deepening rivalry. While many invoke the onset of the Cold War, a more worrisome historical metaphor is the start of World War I. In 1914, all the great powers expected a short third Balkan War. Instead, as the British historian Christopher Clark has shown, they sleepwalked into a conflagration that lasted four years, destroyed four empires and killed millions. Back then, leaders paid insufficient attention to the changes in the internati...

The U.S. Treasury Department updated its guidance on sanctions that might be levied if a company pays a ransom as a result of a ransomware attack and the payment makes its way to persons...

If the Sino-American relationship were a hand of poker, Americans would recognize that they have been dealt a good hand and avoid succumbing to fear or belief in the decline of the US. But even a good hand can lose if it is played badly.

On September 21, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an updated advisory outlining the risks involved with facilitating ransom...