- Trezor, a major crypto wallet manufacturer, is adjusting supply chains to address Trump’s new tariffs affecting imported components.
- Tariffs include a baseline 10% rate effective April 5, with higher rates (34% against China, 20% against EU) starting April 9.
- Both Bitcoin and Trump’s own memecoin fell significantly (4.9% and 13.9% respectively) following the tariff announcement.
Trezor, one of the leading cryptocurrency hardware wallet manufacturers, is restructuring its supply chains in response to Donald Trump‘s newly announced tariffs. The Czech Republic-based company told Protos that while the future “remains uncertain,” they are actively working to “minimize the potential impact” of these trade measures to ensure product availability worldwide.
The tariffs, which include a baseline 10% rate effective April 5 and higher rates beginning April 9, are expected to significantly impact technology companies dependent on global supply chains. The most severe rates target what the US calls the “worst offenders,” affecting approximately 60 countries.
Impact on Crypto Hardware Production
According to Trezor’s spokesperson, the 34% tariffs against China and 20% against the European Union “may affect the cost of imported components used in the manufacturing of hardware wallets.” The company stated they are “closely monitoring the situation” while adjusting strategies to address challenges arising from these international trade policy changes.
While acknowledging short-term uncertainty, Trezor suggested these tariffs might eventually benefit the technology sector by encouraging companies to strengthen supply chains and “reduce dependence on specific regions.”
Broader Industry Consequences
The new tariffs extend beyond wallet manufacturers to affect the entire cryptocurrency ecosystem. Crypto mining companies, many with supply chains based in Asia, are particularly vulnerable. Bloomberg reported that Luxor Technology, a bitcoin mining software firm, was rushing to transport 5,600 mining machines from Thailand to the US before the tariffs take effect.
The CEO of mining company Synteq Digital warned the measures will “suppress continued growth in the sector.” Market reactions were immediate, with global stocks slumping after Trump’s announcement. Both BTC and Trump’s memecoin declined in value by 4.9% and 13.9% respectively over a 24-hour period following the news.
The situation highlights growing tensions in global trade policies and their potential impacts on the cryptocurrency industry, which relies heavily on international supply chains for hardware components.
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