US President Donald Trump painted a rosy picture of the trade war with China on Thursday, once again touting the large amount of tax revenue generated by his tariffs.

"The United States Treasury has taken in MANY billions of dollars from the Tariffs we are charging China and other countries that have not treated us fairly," Trump tweeted. "In the meantime we are doing well in various Trade Negotiations currently going on. At some point this had to be done!"

The Treasury has indeed doubled the amount of tax revenue from import duties since the tariffs were put in place.