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.

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Updated 1 min ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8:30 p.m. ET: 19,266,406 — Total deaths: 718,530 — Total recoveries — 11,671,253Map.
  2. U.S.: Total confirmed cases as of 8:30 p.m. ET: 4,928,802 — Total deaths: 161,052 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Trump says he's prepared to sign executive orders on coronavirus aid

President Trump. Photo: Jim watson/Getty Images

President Trump, speaking from a podium at his golf club in Bedminster, N.J., on Friday announced that he is prepared to issue executive orders suspending payroll taxes and extending enhanced unemployment benefits through the end of 2020, and halting student loan interest and payments indefinitely.

Why it matters: The impending orders come after talks between the White House and Democratic leadership collapsed Friday afternoon. But Trump said he remains committed to striking a deal with Congress on a broader stimulus package before signing the orders.

Trump: "We are going a different way" on coronavirus aid

President Trump. Photo: Jim Watsonn/AFP via Getty Images

President Trump tweeted on Friday that his administration is "going a different way" with coronavirus aid after negotiations with congressional Democrats stalled again, suggesting he will use an executive order to address stimulus spending.

What he's saying: "Pelosi and Schumer only interested in Bailout Money for poorly run Democrat cities and states. Nothing to do with China Virus! Want one trillion dollars. No interest. We are going a different way!" Trump tweeted.