According to Deep Tide TechFlow news, on August 6, The Block reported that the U.S. government will implement a new tariff policy on Southeast Asian imported Mining Rigs starting August 7. According to documents provided by Ethan Vera, COO of Luxor Technology, Mining Rigs from Indonesia, Malaysia, and Thailand will be subject to a total tariff of 21.6%. The total tariff on Mining Rigs imported from China remains at 57.6%. The U.S. and China have tentatively agreed to extend the tariff suspension period by 90 days, but it is still pending final approval.



The new policy has made the United States one of the regions with the highest costs for importing Mining Rigs globally. U.S. mining companies are responding by expanding overseas operations and seeking domestic manufacturing partnerships. Industry insiders expect this will lead to more Mining Rigs being directed towards markets with lower tariffs, such as Canada, while also driving up the prices of used Mining Rigs in the U.S.
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