According to a report by Golden Ten, Bitcoin mining companies in Southeast Asia are facing a suffocating deadline of midnight on April 9th for about a week. Christopher Besher, President of Canadian freight forwarding company Sealion Cargo, said, "That time will definitely be etched in my memory for the rest of my life." Trump unexpectedly announced a reciprocal tariff plan, imposing tariffs of 36%, 32%, and 24% on Thailand, Indonesia, and Malaysia respectively, all of which have become centers for assembling and distributing cryptocurrency mining machines. The American buyers of these "mining machines" are facing a significant economic blow - unless Besher and his staff can ship them out before the tariffs take effect on April 9th. In the subsequent frenzy, Sealion leased five planes and supervised dozens of trucks and barges to transport equipment worth $330 million from three Southeast Asian countries to the United States. Beisher said, "The potential tariff risk exceeds $80 million." For cryptocurrency mining, tariff threats are particularly destructive because few machines made in the United States can perform the high-performance computing needed to make money in a fiercely competitive industry.
