Chinese bitcoin mining machine manufacturers are expanding their operations to the U.S. in response to President Trump's tariffs which have redefined the cryptocurrency supply chain. The U.S. has imposed a 10% tariff, along with an additional 20% on imports from China, making it harder for U.S. miners to acquire equipment affordably. This shift occurs after China's ban on cryptocurrencies in 2021. Despite U.S. crypto-friendly policies, experts highlight the risk of over-reliance on Chinese rig makers, raising concerns about long-term implications for the industry.
"The U.S. imposed a 10% tariff on imports from many countries and an extra 20% on imports from China, impacting the bitcoin mining industry substantially."
"Trump's policies could highlight China's major role in bitcoin infrastructure, even as U.S. miners continue facing higher import costs from Chinese rig makers."
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