Crypto Mining Frenzy: Bitcoin Miners Rush to Import Machines Ahead of July Tariff Deadline
According to industry executives, US Bitcoin mining companies will aim to take advantage of the recent tariff hiatus by stockpiling mining machines. However, they contend that the industry will still be disadvantaged by the baseline 10% tariffs. President Donald Trump maintained a minimum 10% tax on the majority of nations, with the exception of China, whose rate was raised to 145%, while halting his administration’s high reciprocal duties until July 8.
The 10% levy is significantly lower than the original tariffs, according to Hashlabs CEO Jaran Mellerud. He pointed out that when it comes to buying mining equipment, US miners are still at a clear disadvantage compared to their international rivals. According to him, the baseline US tariffs increase capital expenditure and have an effect on the long-term sustainability of new investments, but they are insufficient to render mining in the US unprofitable.
We expect to see a short-term spike in machine imports as miners rush to get ahead of potential future tariff hikes,
Mellerud
US Mining Market Faces Shake-Up as Tariffs Target Asian Rig Producers
Three of the biggest producers of mining rigs, Thailand, Indonesia, and Malaysia, were subject to levies of 36%, 32%, and 24%, respectively, as a result of Trump’s increased tariffs on April 2. Before the halt on the increased tariffs, on April 8, Mellerud stated in a study that Trump’s tariffs might cause the US market for mining rigs to plummet. Because manufacturers will turn outside the US to sell their excess inventory for less money, it benefits non-US mining operations.
He claimed that US miners would benefit somewhat from the recently reduced tariffs. However, for US Bitcoin mining companies trying to plan and grow, the tariffs’ imposition and abrupt suspension simply increased uncertainty.
What miners need is predictability and stable rules — not policy whiplash every few months.
Mellerud
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