Chinese mining hardware manufacturers to be impacted by U.S. tariffs

In June 2018, the office of the United States Trade Representative reclassified mining hardware as "electrical machinery apparatus" instead of "data processing machine." The reclassification subjected mining hardware to a 2.6% tariff. In August 2018, the Trump administration significantly increased existing tariffs, subjecting mining hardware to an additional 25% tariff. This increase means that mining hardware manufacturers now face a 27.6% tariff on their exported mining hardware devices.  (Source: South China Morning Post)