US crypto miners may rush to buy rigs in tariff pause despite ‘clear disadvantage’
Hashlabs CEO Jaran Mellerud says US crypto miners could rush to buy mining rigs amid Donald Trump’s 90-day tariff pause but baseline levies will leave them at a disadvantage.
US Bitcoin mining firms will try to capitalize on the Trump administration’s recent tariff pause by stocking up on mining rigs, but the baseline 10% tariffs will still leave the industry at a disadvantage, industry executives say.
President Donald Trump paused his administration’s hefty reciprocal tariffs until July 8, but kept a minimum 10% tariff on most countries bar China, which had its rate hiked to 145%.
Hashlabs CEO Jaran Mellerud told Cointelegraph that while the 10% levy is much lighter than the initial tariffs, US miners are still at a “clear disadvantage” when it comes to purchasing mining machines, compared to competitors abroad.
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