Trezor, one of the biggest manufacturers of physical crypto wallets, says the future remains “uncertain” and that Donald Trump is “supply chain adaptation” following the introduction of drastic and intense tariffs.
These include baseline 10% tariffs scheduled to take effect on April 5th. This will affect all countries on the US tariff list, starting on April 9th, and will increase tariffs affecting around 60 countries the US calls “worst criminals.”
A Trezor spokesman told Protos: “We have already adapted our supply chain to minimize the potential impact of these tariffs and ensure the stability and availability of our products for users around the world.”
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34% and 20% tariffs on China and the European Union“it could affect the cost of imported components used to manufacture hardware wallets,” claims Trezor.
The Czech Republic-based company said it will “keep the situation closely and adjust its strategies to address the challenges that may arise from changes in international trade policy.”
Trezor claims that the situation remains “uncertain” in the short term. However, they also noted that these tariffs could catalyze high-tech companies to strengthen supply chains and “reduce dependence on certain regions.”
Crypto mining companies are also struggling with the majority of their supply chains being based in Asia. The head of hardware for Bitcoin (BTC) mining software company Luxor Technology told Bloomberg that he was in a hurry to get 5,600 mining machines on a plane from Thailand to the US before tariffs begin.
The CEO of mining company Synteq Digital has argued that Trump’s tariffs “suppress the continued growth of the sector.” Stocks around the world fell after Trump announced today’s tariffs. Memo coins for both BTC and Trump Prices fell by 4.9% and 13.9% respectively.for the past 24 hours.
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