The Republican presidential nominee in 2012, Romney announced last week he would seek the nomination to replace retiring Sen Orrin Hatch.
In a tweet Monday night, Trump wrote, "He will make a great Senator and worthy successor to @OrrinHatch, and has my full support and endorsement!" Romney quickly accepted the endorsement via Twitter.
Trump has not always been so positive about Romney the political candidate. In 2016 Trump said the former Massachusetts governor had "choked like a dog" during his failed 2012 bid against President Barack Obama.
More recently, Romney criticised Trump's response to last years deadly white supremacist rally in Charlottesville, Virginia, and last month called Trump's use of an obscenity to describe African countries as inconsistent with American history and values.
Members of both political parties have suggested that Romney, if elected to the Senate, would continue to call out Trump if he believed the president warranted criticism. However, Romney did not mention Trump or his scandal-plagued administration in his campaign announcement on Friday, focusing instead on how his adopted state of Utah could be a model for better government in Washington.
Within minutes of Trump's tweet Monday night, Romney sent one of his own: "Thank you Mr President for the support. I hope that over the course of the campaign I also earn the support and endorsement of the people of Utah.
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