Trump tariffs could lower Bitcoin mining prices outside the U.S.

extensive tariffs implemented by the Trump administration could lead to a collapse in demand for Bitcoin mining machines in the United States, benefiting mining operations outside the United States as manufacturers seek markets outside the United States to sell their excess inventory at lower prices, said Jaran Mellerud, CEO of Hashlabs Mining. "As machine prices rise in the United States, paradoxically, prices in other parts of the world may fall," Mellerud said in a report on April 8. "Demand for shipping machines to the United States is expected to plummet, possibly close to zero." "Manufacturers will be left with excess inventory originally intended for the U.S. market. To deal with this surplus inventory, they may need to lower prices to attract buyers from other regions," Mellerud said, adding that the decline in machine prices could lead to an expansion of mining operations outside the United States and a larger share of the total Bitcoin hash rate.