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US Extends China Tariff Suspension for 90 Days: Mining Hardware Exempt.

The US has extended its tariff suspension on Chinese mining hardware imports for 90 days.

Cost increases have been postponed.

Mining hardware tariffs will remain at a base of 10%. Fentanyl-related products will be subject to a 20% tariff for 90 days.

The tariff extension offers short-term relief to cryptocurrency miners. However, trade uncertainties with China are causing concern.

On Tuesday, Donald Trump signed an executive order extending the suspension of tariffs on Chinese goods for 90 days. This move provides space for ongoing dialogue between Washington and Beijing.

Importantly for the cryptocurrency sector, the government has postponed tariff increases on mining hardware imports. This has protected businesses from immediate cost increases.

High Tariffs on Mining Equipment Postponed.

The suspension was set to expire at 12:01 a.m. Eastern Time on Tuesday. The tariff rate imposed by the United States on Chinese imports could have risen to as much as 145%. China's tariffs on US goods would also have risen to 125%. However, after the extension, US tariffs on China will remain at the base rate of 10%. Fentanyl-related products will be subject to an additional 20% tax, totaling 30%.

Bitcoin Price Reacts Slightly.

The cryptocurrency market's reaction was muted. The price of Bitcoin hovered around $118.50. The cryptocurrency briefly rose above $120.00 the day before but has since shown slight fluctuations.

Market analysts suggest the extension could provide short-term support to cryptocurrency markets. However, they warn that long-term uncertainties in US-China trade relations remain unresolved. If tariffs are raised again in 90 days, the mining sector and the broader digital asset market could come under renewed pressure.