Trump directs USTR Greer to impose more tariffs, raising fresh concerns for crypto miners

President Trump is pushing for new tariffs, directing US Trade Representative Greer to increase trade barriers, particularly targeting Chinese goods. This protectionist move raises concerns for the crypto industry, as essential mining hardware is largely manufactured overseas, especially in China. Previous tariffs in 2018 led to a 10-12% increase in crypto mining hardware costs, and a new, potentially steeper round could further escalate expenses. This could make US crypto mining more costly, potentially driving operations overseas and leading to consolidation among larger, well-capitalized players. While some analysts suggest tariffs could accelerate domestic manufacturing of mining hardware, the immediate market reaction has been a modest dip in Bitcoin's price, reflecting anxiety over increased costs and potential supply chain disruptions.

(Source：Crypto Briefing)