TechFlow news, August 6 — According to The Block, the U.S. government will implement a new tariff policy on cryptocurrency mining machines imported from Southeast Asia starting August 7. Based on documents provided by Ethan Vera, COO of Luxor Technologies, mining machines from Indonesia, Malaysia, and Thailand will face a total tariff of 21.6%. The total tariff on mining machines imported from China remains at 57.6%, and the U.S. and China have reached a preliminary agreement to extend the tariff suspension period by 90 days, pending final approval.
The new policy makes the United States one of the most expensive regions globally for importing mining equipment. U.S. mining companies are responding by expanding overseas operations and seeking domestic manufacturing partnerships. Industry expectations suggest this will drive more mining machines toward markets with lower tariffs such as Canada, while also pushing up prices for secondhand mining equipment within the United States.
