"The American people should know as much as possible about the threats facing our nation and what their intelligence agencies are doing to protect them." -Avril Haines, Director of National Intelligence (2021) Annual Threat Assessment of the US Intelligence Community (2021) is an annual report of worldwide threats to the national security of the United States compiled by the US Intelligence Community. It warns of the many perils facing the US, including China's increasing power, the geopolitical risks of Russia, Iran and North Korea, the long-term economic fallout of COVID-19, and global as well as domestic terrorism. This brief report with its short-term threat assessment is a good companion guide to Global Trends 2040-A More Contested World a 2021 report by the National Intelligence Council, which describes specifically long-term global challenges (also available from Cosimo Reports). Students of national security, policymakers, journalists, and anyone interested in US security will find this report essential reading.