In an interview with Charles Payne on Fox Business, Michael Pillsbury discusses the economic growth that could result from ‘phase one’ of the U.S.-China trade deal as well as the potential for military threat from China.

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This photograph shows a Dassault Rafale aircraft parked on the tarmac of the French Air and Space Force Luxeuil-Saint-Sauveur Airbase in Saint-Sauveur, France, on March 18, 2025. (Ludovic Marin/AFP via Getty Images)