The Trump administration’s tariffs could potentially impact the demand for Bitcoin mining rigs in the US, leading to lower prices outside the country, according to Hashlabs Mining CEO Jaran Mellerud. Mellerud mentioned that as machine prices increase in the US, they could decrease in other parts of the world due to surplus inventory being sold for cheaper prices. This shift could result in non-US mining operations scaling up and capturing a larger portion of Bitcoin’s total hashrate. The recent reciprocal tariffs imposed by President Donald Trump on various countries have affected the crypto mining industry, particularly in countries such as Thailand, Indonesia, and Malaysia, where some of the largest mining machine manufacturers are based. Companies like Bitmain, MicroBT, and Canaan have already moved to these countries to avoid tariffs imposed on Chinese imports. Mellerud highlighted that the tariffs would inflate the cost of mining rigs in the US, making operations financially challenging. Even if the tariffs were to be reversed in the future, he believes the damage to long-term planning and confidence in the industry has already been done. This uncertainty could lead to a decline in the US’s share of the Bitcoin hashrate. The impact of Trump’s tariffs has also been felt in the crypto markets, with Bitcoin prices experiencing a 4% decrease in the last 24 hours. The industry is closely monitoring the developments and potential repercussions of these tariffs on the mining sector.