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The question on many people’s minds this Monday is whether that “substantial phase one deal” with China that President Donald Trump announced a month ago today is falling apart. There have certainly been enough conflicting signals coming out of the White House in recent days to make that a legitimate question. But the best answer to that may actually lie in the answers to another question: What happens if there isn’t a deal? So let’s consider that from the U.S. lens. There are consequences, you see.