US Raises Import Tariffs on Mining Equipment as Mining Companies Shift to Overseas Expansion
According to ChainCatcher, citing The Block, the U.S. government has imposed a 19% import tariff on Bitcoin mining machines produced in Southeast Asia, bringing the total tax rate for mining machines from Indonesia, Malaysia, and Thailand to 21.6%. The current tax rate for mining machines from China stands at 57.6%, but China and the U.S. have in principle agreed to extend the tariff suspension period by 90 days.
Mining company Luxor Technology stated that high tariffs will suppress growth in the U.S. market and prompt mining companies to shift to regions with lower tax rates, such as Canada. Mining machine manufacturers are expanding domestic production capacity, with companies like MicroBT already establishing production lines in the U.S.
Data shows that the U.S. import tariff rate on mining machines has risen sharply from 2.6% before Trump took office, making it one of the regions with the highest mining machine import costs globally.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RWA Registration Platform Officially Launched in Hong Kong
Data: Today's Fear and Greed Index rises to 62, signaling a shift to a "greed" market
JPMorgan Appoints Kara Kennedy as Global Co-Head of Blockchain Division Kinexys
Trending news
MoreCrypto prices
More








