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Will Russia 'Reap the Benefits' from Bitcoin as the US Raises Taxes: A Major Shift is Happening?
The Bitcoin mining industry in the US faces a slowdown risk due to President Trump's import tax policy, opening opportunities for Russia and other regions like Africa and Canada. Could this be a turning point for the global mining market? Let's analyze in detail.
Trump’s Tax Policy Threatens US Miners
#LuxorTechnology warns that if the Trump administration imposes comprehensive import taxes on Bitcoin mining machines – mainly from China like Bitmain's Antminer line – costs in the US will skyrocket. The basic tax of 10% could rise to 50% after 'Liberation Day,' although currently delayed for 90 days (except China). From February to early April, this policy has affected both traditional and crypto markets, with taxes expected to increase from 12.6% to 38.6% in July if no agreement is reached.
Trump’s Tax Policy Threatens US Miners
#LuxorTechnology warns that if the Trump administration imposes comprehensive import taxes on Bitcoin mining machines – mainly from China like Bitmain's Antminer line – costs in the US will skyrocket. The basic tax of 10% could rise to 50% after 'Liberation Day,' although currently delayed for 90 days (except China). From February to early April, this policy has affected both traditional and crypto markets, with taxes expected to increase from 12.6% to 38.6% in July if no agreement is reached.
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