FinTax leader: Trump's tariffs lead to multiple cost rises in encryption mining.

Gate News bot message, during the roundtable forum at the Bitcoin 2025 main venue, Jeffrey, the North America head of FinTax, elaborated on the specific impact of Trump’s tariffs on encryption mining.

According to Jeffrey, tariffs have led to an increase in the import prices of raw materials and mining machines, with manufacturers in China and Southeast Asia bearing tariffs as high as 50%. At the same time, the scale of business for mining machine manufacturers in the US market has shrunk, resulting in a decline in global profitability. Furthermore, the rise in mining machine prices has forced mining companies to postpone their deployment and expansion plans.

Jeffrey added that traditional coping strategies such as shifting production bases are no longer effective due to tariff policies covering major countries.

Source: Wu Says