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Trump's grand bargain on China

Axios illustration
Illustration: Sam Jayne/Axios

President Trump wants a grand bargain with China. And hardliners in the Trump administration worry Treasury Secretary Steven Mnuchin is leading him down an accommodationist path that — in their minds — would betray the President's economic agenda and capitulate to Beijing.

The intrigue: Trump inflamed those internal fears today with this tweet that signaled he's willing to give away significant things for a deal: "President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!"