US Crypto Mining in Crisis? How Trump’s Liberation Day Tariffs Could Shake the Industry

Later today, US President Trump will celebrate what he refers to as Liberation Day by continuing with a tariff policy to reduce American reliance on foreign products. Depending on the severity of the tariffs, the domestic crypto-mining industry will suffer considerable losses. In an interview with BeInCrypto, Matt Pearl, director of the Strategic Technologies Program at the Center for Strategic and International Studies (CSIS), explained that levies on China will inherently disrupt supply chain dynamics and increase operational costs for the US mining industry.   How Will Liberation Day Tariffs Impact Mining Costs? Later today, Trump is expected to unveil sweeping tariffs on US imports as part of an economic agenda he denominated as Liberation Day source: https://beincrypto.com/us-crypto-mining-trump-liberation-day-tariffs/