Tariff
It was an Honor to speak with Prime Minister Modi, of India, this morning.
+6.1%GLD/1d
+$908B market capTariffMedium confidence
We will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025.
“We will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, starting October 1st, 2025. Additionally, we will be charging a 30% Tariff on Upholstered Furnitur”Truth Social→
Market Reaction
+1 hour 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 | -3.79% | -0.38% | -- | -- | +0.43% | +0.61% |
| DXY | +0.68% | +0.05% | -- | -- | -0.08% | -- |
| GLD | +1.28% | +0.86% | +0.86% | -- | -- | -- |
| SPY | -0.34% | +0.13% | +0.13% | -- | -- | -- |
| TLT | +0.13% | +0.12% | +0.12% | -- | -- | -- |
Market Impact Summary
The largest measured post-statement move was in BTC, which rose 0.61% over the 1d window. The comparison uses prices immediately around the timestamp above; it shows correlation, not proof that the statement alone caused the move.
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