"China wants to make a big and very comprehensive deal. It could happen, and rather soon!" he tweeted.
Trump said that China's decision to back off from new tariffs on cars and auto parts reflected the pain inflicted by the United States in its trade war.
"China just announced that their economy is growing much slower than anticipated because of our Trade War with them. They have just suspended US Tariff Hikes. U.S. is doing very well," Trump said.
Earlier Friday, China halted extra punitive duties that had been imposed this summer. They now fall from 40 per cent to 15 per cent -- the same rate imposed on all foreign-made vehicles.