Trump's tariffs shake the U.S. mining industry: the cost of reliance on Southeast Asian-made equipment and shift to domestic production

The global tariff policy introduced by the Trump administration is sending huge ripples through the US cryptocurrency (virtual currency) mining industry. The biggest factor is that US mining companies are heavily dependent on mining equipment made in Southeast Asia by companies such as Bitmain, MicroBT, and Canaan.

Most of the mining equipment used in the US is manufactured in countries such as Indonesia, Thailand, and Malaysia. Since a 25% tariff was imposed on equipment imports from China in 2018 under the first Trump administration, manufacturers have been avoiding the tariffs by relocating their production bases to Southeast Asian countries...