Trump's newly enacted 100% semiconductor tariff, effective August 7, is expected to boost ASIC costs by 21% and strain US bitcoin miners amid supply chain challenges and ongoing network pressures.
The Trump administration has formally enacted a 100% tariff on imported semiconductors, effective August 7, targeting chips made abroad. With exemptions for firms committing to domestic production, US bitcoin miners—relying mainly on Asian-sourced ASICs—face an estimated 21% rise in procurement costs. The policy follows earlier announcements, a 90-day pause, and a revised schedule lowering rates for Southeast Asian imports to 19%, while miner revenues drop amid halving and record-high network difficulty.