๐จ Trumpโs 200% Tariff Threat Could Hit Crypto Too ๐จ
Donald Trump just warned China:
๐ If Beijing doesnโt boost rare earth magnet exports, the U.S. may slap a 200% tariff on them.
Why crypto should care:
๐น Rare earths are essential for chips & GPUs โ the same hardware powering Bitcoin mining & AI training.
๐น China controls 90% of global supply, meaning any squeeze = higher hardware costs.
๐น Supply shocks could push mining rigs, GPUs, and semiconductors into shortage territory.
The bigger picture:
U.S. tariffs already surged from 2.5% โ 27% in 2025, the highest in 100+ years.
The fragile tariff truce between Washington & Beijing expires Nov 9 โ escalation looks likely.
Trump has already axed the $800 duty-free loophole โ meaning even small mining parts & rigs from China now face full tariffs.
โก Takeaway: If this tariff war escalates, itโs not just EVs & smartphones โ crypto mining costs and AI chip prices could skyrocket, reshaping profitability across the industry.
