According to a recent report, President Trump’s new tariffs may fundamentally shift the dynamics of global Bitcoin (BTC) mining, making the US less competitive than other countries. The tariffs, announced by the Trump administration on April 2, are set to escalate the cost of essential mining equipment, impacting imports and even the global hashrate. Impact of Trump’s Tariffs on Bitcoin Mining Jaran Mellerud, CEO of Hashlabs Mining, highlighted that new reciprocal tariffs would increase the cost of importing mining machines to the US by at least 24% compared to tariff-free countries like Finland. Notably, the US is heavily reliant on Bitcoin mining hardware produced in Southeast Asia, especially by companies like Bitmain, MicroBT, and Canaan
source: https://beincrypto.com/trump-tariffs-impact-bitcoin-mining/