Trump’s Semiconductor Tariffs Could Hike Bitcoin Mining Costs

Amidst escalating trade tensions, President Trump has announced new tariffs on semiconductor imports, potentially impacting the cryptocurrency industry. These tariffs are particularly concerning for the Bitcoin mining sector as they could significantly increase costs. The move is seen as an attempt by the US to encourage domestic chip manufacturing. Currently, Taiwan holds a dominant position in global semiconductor production, supplying a significant portion of the U.S. and other countries’ needs.