Oct 16, 2018
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New US Trade Tariffs Will Hit China’s Mining Hardware Makers

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New US trade tariffs aimed at China will have a significant impact on the profits of crypto mining equipment manufacturers.

Chinese cryptocurrency mining hardware maker Bitmain stands to be the hardest hit by these new tariffs as its Antminer S9 gets reclassified by the office of the United States Trade Representative as “electrical machinery apparatus” which will now incur a 2.6 percent trade tariff.

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