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In a Monday tweet, President Trump provided additional reasoning for his surprise announcement yesterday that he hoped to save failed Chinese phone maker ZTE with Chinese President Xi Jinping, suggesting it comes as part of a "larger trade deal."

The big picture: The president's tweet confirms Axios' Jonathan Swan's reporting that Washington is considering a Mnuchin-led deal with Beijing that involves tariff concessions from the U.S. in exchange for the Chinese buying billions of dollars worth of U.S. products.

The backdrop: Trump's announcement yesterday seemingly contradicted his own administration's stance on Chinese trade — as well as larger foreign policy issues, like Iran and North Korea. The Commerce Department's ban that killed ZTE was put in place due to the company's repeated violations of U.S. sanctions against Iran and North Korea. The Pentagon has also banned ZTE's phones from retail outlets on U.S. military bases due to concerns from intelligence agencies that the Chinese are using its devices to spy on Americans.

Go deeper: Trump's grand bargain with China.

Go deeper

Off the Rails

Episode 5: The secret CIA plan

Photo illustration: Aïda Amer, Sarah Grillo/Axios. Photo: Zach Gibson/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 5: Trump vs. Gina — The president becomes increasingly rash and devises a plan to tamper with the nation's intelligence command.

In his final weeks in office, after losing the election to Joe Biden, President Donald Trump embarked on a vengeful exit strategy that included a hasty and ill-thought-out plan to jam up CIA Director Gina Haspel by firing her top deputy and replacing him with a protege of Republican Congressman Devin Nunes.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: CDC director defends agency's response to pandemic — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Empire State Building among hundreds to light up in Biden inauguration coronavirus tribute.
  3. Vaccine: Fauci: 100 million doses in 100 days is "absolutely" doable.
  4. Economy: Unemployment filings explode again.
  5. Tech: Kids' screen time sees a big increase.

Biden Cabinet confirmation schedule: When to watch hearings

Joe Biden and Kamala Harris on Jan. 16 in Wilmington, Delaware. Photo: Angela Weiss/AFP via Getty Images

The first hearings for President-elect Joe Biden's Cabinet nominations begin on Tuesday, with testimony from his picks to lead the departments of State, Homeland and Defense.

Why it matters: It's been a slow start for a process that usually takes place days or weeks earlier for incoming presidents. The first slate of nominees will appear on Tuesday before a Republican-controlled Senate, but that will change once the new Democratic senators-elect from Georgia are sworn in.