On April 3rd, according to Bloomberg, Trump's announcement of tariffs has had an impact on the Bitcoin mining industry, with many large mining companies located in the United States and supply chains located in Asia. Bitmain Technology, headquartered in Beijing, has production lines in Indonesia, Malaysia, and Thailand. Lin, the hardware director of Luxor Technology, a Bitcoin mining software and service company, stated that she must transport approximately 5600 Bitcoin mining machines from Thailand to the United States in less than 48 hours. Trump announced on Wednesday that he will impose at least 10% tariffs on all goods exported to the United States starting from April 5th, while also imposing additional tariffs on the 60 countries with the largest trade imbalance with the United States. Thailand and Malaysia will be subject to stricter tariffs of 36% and 24% respectively, which will take effect on April 9th.
