President Donald Trump expressed optimism that the United States will be able to reach a deal with China that diffuses trade tensions between the world's two biggest economies.

Trump said his administration will “probably” come to an agreement with China to resolve a dispute that has roiled financial markets and raised fears of a major economic conflict between the nations. The U.S. is considering tariffs on as much as $150 billion worth of Chinese imports, while China has vowed to respond with levies of its own on everything from U.S. soybeans to planes.

The president said on Monday it wouldn't be “nice” of Beijing to target American agriculture in retaliation. “Our farmers are great patriots. They understand they're doing this for the country,” he told reporters at a cabinet meeting. “'We'll make it up to them.”