President Donald Trump defended his new tariffs on Chinese products in the ongoing trade battle on Tuesday, promising that a deal was on the horizon.

“We can make a deal with China tomorrow before their companies start leaving so as not to lose USA business, but the last time we were close they wanted to renegotiate the deal,” he wrote on Twitter. “No way!”

Trump argued that the strong economy put the United States in a good position for a trade battle, urging patience as both sides escalated tariffs.

“It will all happen, and much faster than people think!” he wrote.

Trump predicted that China would eventually lose the trade fight, noting the massive trade deficit.

“China buys MUCH less from us than we buy from them, by almost 500 Billion Dollars, so we are in a fantastic position,” he wrote.

He noted that tariffs on Chinese steel had helped rebuild America’s steel industry and that companies could easily escape the new tariffs by building their products in the United States.

“Make your product at home in the USA and there is no Tariff,” he wrote. “You can also buy from a non-Tariffed country instead of China.”

Trump said that the Federal Reserve should monitor the Chinese monetary response and ensure the strength of the American economy in the coming months

“China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing,” he wrote. “If the Federal Reserve ever did a ‘match,’ it would be game over, we win! In any event, China wants a deal!”

China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing. If the Federal Reserve ever did a “match,” it would be game over, we win! In any event, China wants a deal!

Trump also sent a special message to farmers, arguing that they would benefit from successful trade negotiations with China.

“Our great Patriot Farmers will be one of the biggest beneficiaries of what is happening now,” he wrote. “Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference based on a very high China buy.”

Trump said the money collected from the tariffs would help the United States purchase farm goods no longer being exported as a result of the trade battle.

“The Farmers have been “forgotten” for many years,” he wrote. “Their time is now!”

In one year Tariffs have rebuilt our Steel Industry – it is booming! We placed a 25% Tariff on “dumped” steel from China & other countries, and we now have a big and growing industry. We had to save Steel for our defense and auto industries, both of which are coming back strong! — Donald J. Trump (@realDonaldTrump) May 14, 2019

China buys MUCH less from us than we buy from them, by almost 500 Billion Dollars, so we are in a fantastic position. Make your product at home in the USA and there is no Tariff. You can also buy from a non-Tariffed country instead of China. Many companies are leaving China….. — Donald J. Trump (@realDonaldTrump) May 14, 2019

….so that they will be more competitive for USA buyers. We are now a much bigger economy than China, and have substantially increased in size since the great 2016 Election. We are the “piggy bank” that everyone wants to raid and take advantage of. NO MORE! — Donald J. Trump (@realDonaldTrump) May 14, 2019

We can make a deal with China tomorrow, before their companies start leaving so as not to lose USA business, but the last time we were close they wanted to renegotiate the deal. No way! We are in a much better position now than any deal we could have made. Will be taking in….. — Donald J. Trump (@realDonaldTrump) May 14, 2019

Billions of Dollars, and moving jobs back to the USA where they belong. Other countries are already negotiating with us because they don’t want this to happen to them. They must be a part of USA action. This should have been done by our leaders many years ago. Enjoy! — Donald J. Trump (@realDonaldTrump) May 14, 2019

When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited but, as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense. We have to be allowed to make up some….. — Donald J. Trump (@realDonaldTrump) May 14, 2019

….of the tremendous ground we have lost to China on Trade since the ridiculous one sided formation of the WTO. It will all happen, and much faster than people think! — Donald J. Trump (@realDonaldTrump) May 14, 2019

Our great Patriot Farmers will be one of the biggest beneficiaries of what is happening now. Hopefully China will do us the honor of continuing to buy our great farm product, the best, but if not your Country will be making up the difference based on a very high China buy…… — Donald J. Trump (@realDonaldTrump) May 14, 2019

….This money will come from the massive Tariffs being paid to the United States for allowing China, and others, to do business with us. The Farmers have been “forgotten” for many years. Their time is now! — Donald J. Trump (@realDonaldTrump) May 14, 2019