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An idea that just popped-up in my head...
What if United States, Japan, and Italy, instead of joining either Entente or Central Powers, decide to take advantages of the state of war between the two, form their own "league", and declare war on both?
United States will take Canada and British/French colonies in the Americas, without even land any troops in European soil. Japan will take British, French, and German colonies in the Far East, while Italy attack both France and Austria-Hungary, taking Nice, Savoy, Corsica, Tunisia, Trieste, Istria, Zara, and Dalmatia, while they're busy with Germany and Russia.

Is this ASB?
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