Odaily Planet Daily News: Ethan Vera, chief operating officer of mining company Luxor Technology, said that as the White House imposes high import tariffs on Bitcoin mining machines from Southeast Asia, the domestic mining machine market in the United States will be significantly compressed.

On July 31, the US government officially finalized the imposition of a 19% reciprocal tariff on ASIC equipment imported from Indonesia, Malaysia, Thailand and other countries, bringing the total import tax rate for the relevant countries to 21.6%. The policy took effect on August 7.

Vera noted that this policy is weakening the competitiveness of imported U.S. mining machines, leading to reduced customer demand and driving the outflow of mining machines to countries with lower tariffs, such as Canada. Meanwhile, U.S. operators are considering expanding overseas, while mining machine manufacturers are seeking to increase domestic production capacity to mitigate the impact.

Luxor provides services to mining companies in 32 countries around the world, including mining pools, ASIC brokerage, firmware, and computing power derivatives, with the United States being its largest market. (The Block)