TradeHigh confidence
Trump proposes eliminating income tax, replacing with tariff revenue
“We don't need income tax. Tariffs will pay for everything. When we had tariffs before 1913, we were the richest country.”
Market Reaction
+5 min after statement
Before & After
Price changes before (leading up to) and after the statement
| BEFORE ◀ | ▶ AFTER | |||||
|---|---|---|---|---|---|---|
| Asset | -1 day | -1 hour | -5 min | +5 min | +1 hour | +1 day |
| BTC | +1.43% | +0.41% | -0.07% | -0.15% | -0.28% | +0.93% |
| DXY | -0.12% | -0.03% | -0.01% | +0.02% | +0.08% | +0.06% |
| GLD | +1.81% | +0.03% | +0.03% | -0.03% | +0.11% | +0.49% |
| SPY | +0.86% | +0.35% | +0.02% | -0.05% | -0.12% | -0.02% |
| TLT | -0.45% | +0.14% | -0.04% | -0.01% | +0.11% | +0.15% |
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