According to CryptoMichNL, U.S. tariffs on imported ASICs could increase costs for Bitcoin miners by 10-50%, potentially slowing the growth of U.S. hashrate but not ending its dominance, as stated by Taras Kulyk, CEO of Synteq Digital. Kulyk noted that while the U.S. remains the largest global source of BTC hashrate, its growth may plateau due to expansion in countries like Pakistan and Ethiopia. Jeff LaBerge of Bitdeer emphasized that competition from AI data centers is a larger threat, diverting resources and pushing miners towards efficiency improvements, which could affect BTC supply dynamics and mining profitability.

According to CryptoMichNL, U.S. tariffs on ASIC imports could increase mining hardware costs by 10-50%, potentially slowing Bitcoin (BTC) hashrate growth in America without ending its dominance. Experts state this may erode U.S. hashrate expansion as miners adapt through secondary markets, while competition from AI data centers and limited ideal locations could have larger impacts on mining profitability and operational decisions.

According to The Kobeissi Letter, a recent Bank of America survey shows that 42% of respondents now view a global trade war as the most bearish factor for risk assets in 2025, surpassing January's 30%. This concern has overtaken the recent apprehension regarding AI competition from China (source: The Kobeissi Letter, March 4, 2025).