Jared Kushner's Dollar Diplomacy

Donald Trump's son-in-law represents the kind of Washington figure for whom public office serves as a means to extraordinary wealth. "Kushner is plagued with conflicts of interest," Virginia Canter, a former White House counsel, said. "He is supposed to be working for the American people, but in fact he has tremendous financial incentives to further the interests of his investors." In the waning hours before the U.S. went to war with Iran, this February, Jared Kushner held a meeting with Iranian negotiators in Geneva--one last chance to avoid a conflict that would plunge the region into chaos and shock the world economy. Afterward, Kushner dismissed his counterparts as unworthy of his time. "Lots of tricks," he told reporters. Kushner, the boyish-looking son-in-law of Donald Trump, has been given an extraordinary brief in recent years. Along with Steve Witkoff, the President's special envoy, he has been charged with ending wars in Gaza, Ukraine, and just about anywhere else they might break out. Kushner, who is forty-five, has little regard for the craft of diplomacy. In his view, it is less important to know a region's history or the details of the partisans' negotiating positions than to simply hear the sides out and split the difference. Peace deals are like real-estate deals, he has said. Both involve hard bargaining and, at times, bluffing. The fact that so many diplomats before him have struggled is a testament not to the intransigence of international problems but to the mediocrity of his predecessors. "I've been getting criticized for the last couple of years, by all the people who have tried and failed, for not doing this the same way that they have," he said in 2020, after Trump unveiled his first Middle East peace plan. "If somebody was successful, I wouldn't be dealing with this." When Kushner and Witkoff began meeting with the Iranian negotiators, in February, the two countries were on the brink of war. In 2025, American and Israeli forces had bombed Iran's nuclear-enrichment facilities, which Western leaders said were engaged in a decades-long drive to develop a nuclear weapon. Afterward, Trump declared that Iran's capability to enrich uranium had been "obliterated." Yet Trump and other Western officials wanted further concessions. The Iranians maintained a large stockpile of lower-grade uranium. It was buried under rubble from the bombing in 2025, but Trump and Benjamin Netanyahu, the Israeli Prime Minister, insisted that the Iranians give it up and forswear any intention of enriching uranium in the future. Trump sent Kushner and Witkoff to present the Iranians with what amounted to a binary choice: turn over their entire stockpile or expect an attack. To emphasize his threats, he had dispatched an armada to the Middle East. "We have to have a meaningful deal, otherwise bad things happen," he said.