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The US is Expanding its Operations Against Bitcoin Mining Equipment!
US Global Mining Policies and Trade War with China
The U.S. has started to implement serious export controls to restrict China's access to advanced semiconductors in 2022. Trump also promised to impose additional customs duties starting from 10% on products imported from China, rising up to 60% on some products. There is a high possibility that ASIC mining devices will also be included in these tariffs.
Bitmain started to shift its production capacity outside of China after the first trade restrictions imposed by Trump in 2018. The company holds approximately 80% of the global ASIC supply and continues its plans to establish production facilities in the U.S.
The USA leads by controlling 37.8% of the global Bitcoin hashrate. However, how the pressures on mining equipment will affect the dynamics in the sector and how American miners will adapt to this situation are closely monitored.#Gate.io Has Officially Partnered with Oracle Red Bull Racing #$LAYER Launchpool Airdrop is Live #AI Rebound: Which Tokens to Watch?