Charter Planes and Bidding Wars: How Bitcoin Miners Raced to Beat Trump’s Tariffs

Charter Planes and Bidding Wars: How Bitcoin Miners Raced to Beat Trump’s Tariffs - Overpasses For America

For companies importing goods from Southeast Asia, like Luxor, the timing of Trump’s announcement was particularly unhelpful, coinciding with Eid, the public holiday celebrated at the end of Ramadan. Initially, Luxor’s attempts to arrange collection went unanswered. In some cases, says Berschel, “factories had lines of trucks in front of them.” But eventually, in light of the circumstances, the warehouse agreed to prepare the hardware shipment. …

Charter Planes and Bidding Wars: How Bitcoin Miners Raced to Beat Trump’s Tariffs

When US president Donald Trump announced sweeping tariff hikes in April, he set in motion a seven-day rush to bring goods into the country. Bitcoin miners elbowed their way to the front of the queue.