Trump's tariffs affect the supply chain of the Bitcoin mining industry

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According to Bloomberg, as reported by Foresight News, Trump's announcement of tariff increases will impact the Bitcoin mining industry, with many large mining companies located in the United States and supply chains in Asia. Beijing-based Bitmain Technology has production lines in Indonesia, Malaysia, and Thailand. Lin, the hardware manager at Bitcoin mining software and services company Luxor Technology, stated that she must transport approximately 5,600 Bitcoin mining machines from Thailand to the United States within less than 48 hours.

Trump said on Wednesday that he will impose at least a 10% tariff on all goods exported to the United States, along with additional tariffs on the 60 countries with the largest trade imbalances. Thailand and Malaysia will be subject to more stringent tariffs of 36% and 24% respectively, which will take effect on April 9.

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