How Trump’s Tariffs Could Disrupt the Crypto Market
The recent tariffs imposed by President Donald Trump on imports from Canada, China, and Mexico are poised to have indirect effects on the cryptocurrency sector. U.S. miners, reliant on imported hardware, may face increased costs due to the 10% tariff on Chinese goods and a 25% tariff on Canadian and Mexican imports. Leading mining hardware manufacturers, such as Bitmain and Canaan in China and Taiwan Semiconductor Mfg. Co., could see supply chain disruptions. Meanwhile, Canada and Mexico have retaliated with tariffs on U.S. goods, further escalating the trade tensions. As the trade dispute continues, these economic shifts could influence the broader crypto market.
2025-02-03Read
