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Trump Unleashes Fiery Tweetstorm Amid Blowback on China Tariffs: Our ‘Patriot Farmers’ Will Benefit

The Dow Jones, thus far, has not reacted well to the escalating tariff battle with China. But President Donald Trump is urging patience.

Facing criticism for the new round of tariffs on Chinese goods, the President defended his administration’s handling of the trade standoff with an economic superpower.

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

Trump is slated to meet with Chinese President Xi Xinping in Japan next month. Despite the standoff, Trump characterized their personal relationship as strong.

“When the time is right we will make a deal with China,” Trump said. “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.”

As for farmers — who figure to be among those most hurt by the continued trade tensions — Trump made a specific appeal, arguing that the short-term price is worth paying for long-term rewards.

“Our great Patriot Farmers will be one of the biggest beneficiaries of what is happening now,” Trump 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.”

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Joe DePaolo is a Senior Editor at Mediaite. Email him here: joed@mediaite.com Follow him on Twitter: @joe_depaolo