The United States raises import tariffs on mining machines, and mining companies turn to overseas expansion

ChainCatcher news, according to The Block, the U.S. government has imposed a 19% import tariff on Bitcoin mining machines from Southeast Asia, bringing the total tax rate for mining machines in Indonesia, Malaysia, and Thailand to 21.6%. The current tax rate for Chinese mining machines is 57.6%, but China and the U.S. have agreed in principle 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, prompting 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 establishing production lines in the U.S.

Data shows that the U.S. import tax rate on mining machines has significantly increased from 2.6% before Trump's presidency, making it one of the regions with the highest import costs for mining machines globally.