US-Canada tariff flip-flops have Bitcoin miners on their toes

US President Donald Trump’s mercurial trade policies have shifted the business landscape for Bitcoin miners.

Bitcoin miners are adapting their business strategies as the continued trade war between the US and Canada makes energy prices and policies all the more uncertain.

US President Donald Trump threatened to double his tariffs on steel and aluminum from 25% to 50%, leading the government of the province of Ontario to walk back its own plan to increase the cost of power exports to the US.

Ontario Premier Doug Ford had promised to further increase the surcharge or even “shut off the electricity completely,” given further provocation. However, he appears to have softened his stance, at least for now. 

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