The ongoing trade tensions between the US and China are having a significant and costly impact on the Bitcoin mining industry. According to a new report from The Miner Mag, rising tariffs on mining equipment have exposed American companies to substantial financial liabilities. 👮 Tariff Hike: The effective duty on mining machines imported from China has surged to 57.6%. This is a major increase from the 21.6% tariff on equipment from other key manufacturing hubs like Indonesia, Malaysia, and Thailand. 💸 Growing Liabilities: Two publicly traded US mining firms, IREN and CleanSpark, are already facing disputes with U.S. Customs and Border Protection. CleanSpark is confronting up to $185 million in potential liabilities, while IREN is contesting a $100 million claim, both stemming from allegations that some of their equipment originated in China. ⛏️Industry Adaptation: In response to these challenges, Chinese manufacturers such as Bitmain, Canaan, and MicroBT are establishing facilities within the US. This strategic move aims to bypass trade barriers. For example, Canaan relocated its headquarters to Singapore and is investing in US operations to mitigate tariff impacts. This situation highlights the increasing pressure on miners to adapt and diversify their supply chains to manage rising costs and navigate complex regulatory environments. Source: Weekly Crypto Mining Newsletter from @Cointelegraph