Deep Tide TechFlow News, on August 6, according to The Block, the U.S. government will implement a new tariff policy on mining equipment imported from Southeast Asia starting August 7. According to documents provided by Ethan Vera, Chief Operating Officer of Luxor Technology, mining machines from Indonesia, Malaysia, and Thailand will be subject to a total tariff of 21.6%. The total tariff on mining machines imported from China remains at 57.6%. The U.S. and China have reached a preliminary agreement to extend the tariff suspension period by 90 days, but it still awaits final approval.

The new policy makes the U.S. one of the regions with the highest import costs for mining equipment in the world. U.S. mining companies are responding by expanding overseas operations and seeking domestic manufacturing partnerships. Industry insiders expect this will lead to more mining machines shifting to markets with lower tariffs, such as Canada, while also driving up the prices of local second-hand mining machines in the U.S.