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The extensive tariffs of the Trump administration may collapse for US demand for mining equipment and then tilt the cost of Bitcoin miners outside the US, said Jaran Mellerud, CEO of Hashlabe Mining.
“If machine prices rise in the US, they may paradoxically decrease in other worlds,” wrote Bitcoin mining manager on April 8 reportTo.
US currently 40% global bitcoin hashrate
Mellerud said the US is the main part of the Market of Bitcoin ASIC (applied -specific integrated circuit) and that the US is currently accounting for 40% of the global bitcoin hashra.
Later predicted the mine leader that a recent tariffs President Donald Trump announced an increase in the cost of machinery imported in the US until 22-36%.
This can make operations financially unsustainable, considering how “cost -sensitive” the bitcoin mining industry, the mine manager added.
“Demand for sending machines to the US is set to fall, probably zero,” Mellerud wrote. This leaves the manufacturers an excessive stock for the US market.
To unload the surplus, they need to lower prices to attract areas to attract buyers, he added.
Trump says countries kiss my ass for trade transactions
Mellerud report comes like Trump The Administration escalates the global trade war, doubling tariffs for imported goods. Just yesterday, Trump pushed Chinese goods tariffs to over 100% after Beijing refused to take his resistance tariffs.
This was after the Trump administration announced on April 2, the 10% tariff of imported goods from all countries.
While performing at the Dinner of the National Congress of Congress on April 8, Trump said that the countries would kiss my ass for my ass to make trade transactions after the recent series of tariffs.
Violation: Donald Trump Currently:
And don't let some of these politicians … Let me tell you. These countries call me, kiss my ass, they die [trade] The deal … “Please, please Mr, let me do the deal, I'll do something, I'll do something, Mr.” pic.twitter.com/p7c7kdnztb
– Unusual_Whales (@unusual_whales) April 9, 2025
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