Illustrating that even the most strident of Donald Trump's policy positions are only as firm as the last person who buttered him up, Chinese telecoms giant ZTE will benefit from the latest reversal by the Liar-In-Chief. In April, Trump hit the company with severe sanctions because of its sanctions-busting commerce with Iran and North Korea. Within weeks, ZTE was forced to the point of closure. But Trump -- days after withdrawing from the Iran nuclear deal -- reversed himself yesterday.

This is impressive logic even by Trump's standards -- Iran complies with the terms of the nuclear deal, but the US walks away from it; ZTE deliberately broke the sanctions imposed on Iran before the deal, but Trump vows to help it. Go figure.