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Trump tweets details on ZTE deal with China

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.