#TrumpTariffs Trump states that the United States is surpassing China in the cryptocurrency sector

President Donald Trump suggests that the pro-cryptocurrency stance of the United States is already yielding positive results, declaring the dominance of the United States over China in the crypto space. 

It is well known that the United States and China have been embroiled in a heated tariff war for months. This trade war escalated in April when the United States imposed a 145% tariff on Chinese products. Notably, China responded firmly and rejected a 125% tariff on imported products from the United States. 

Meanwhile, both countries have reached an agreement: China's tariff will be reduced to 10%, while the United States has reduced its tariff to 30%. 

When it seemed that the trade tension between the two countries was dissipating, Trump recently declared that the United States is beating China in the cryptocurrency market. Popular financial markets reporter Walter Bloomberg shared today  a snippet of Trump's comment in a tweet .

"We are beating China in the cryptocurrency sector," commented Trump.