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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US President Donald Trump reacts after signing executive orders imposing tariffs on imported goods in the Rose Garden at the White House on April 2, 2025, in Washington, DC. (Andrew Harnik via Getty Images)