In today’s crypto news, U.S. President Donald Trump announced a 90-day tariff pause for select countries. The pause comes with a catch—China is excluded, and its tariff rate is now raised to a staggering 125%.
Trump shared on Truth Social that the U.S. would no longer tolerate what he described as economic exploitation. His decision, effective April 9, also lowers the tariff rate to 10% for nations that don’t retaliate with counter-tariffs.
This move triggered immediate market response. The S&P 500 surged by nearly 7%, highlighting investor uncertainty and heightened volatility amid growing trade tensions.
Tariffs Could Disrupt U.S. Crypto Mining
While the stock market rallied, the crypto mining industry braced for impact. According to Hashlabs Mining CEO Jaran Mellerud, the new tariffs could reduce U.S. demand for mining rigs. As prices rise domestically, manufacturers will likely turn to international markets to sell excess inventory—potentially at lower prices.
Countries outside the U.S. may benefit from this shift. With cheaper rigs, miners in other regions could expand operations and claim a larger share of Bitcoin’s global hashrate.
Mining Equipment Manufacturers in the Crossfire
Trump’s latest tariffs target nearly every country, including those where major mining rig manufacturers like Bitmain, MicroBT, and Canaan operate. These companies had previously relocated production to countries like Thailand, Indonesia, and Malaysia to avoid earlier China-focused tariffs from Trump’s 2018 administration.
Now, those regions face stiff tariff hikes. Mellerud warns that even if the tariffs are reversed later, the long-term damage is done. Confidence among manufacturers and buyers has been shaken, which could impact the global mining supply chain.
Final Thoughts
Geopolitical shifts are clearly influencing the crypto landscape. From mining economics to memecoin controversies, the market remains highly reactive to policy changes and global events. As always, traders and investors should stay informed and adaptable.
