Tariff
It was an Honor to speak with Prime Minister Modi, of India, this morning.
+6.1%GLD/1d
+$908B market capTariffMedium confidence
I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT.
“I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT. Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Cente”Truth Social→
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 | +1.84% | -0.32% | -- | +0.34% | +0.34% | +4.29% |
| DXY | -0.23% | -0.07% | -- | +0.03% | +0.03% | +0.50% |
| GLD | +0.31% | -0.10% | -0.10% | -- | -- | +1.27% |
| SPY | +0.55% | -0.04% | -0.04% | -- | -- | +0.04% |
| TLT | +0.53% | -0.49% | -0.49% | -- | -- | -0.40% |
Market Impact Summary
The largest measured post-statement move was in BTC, which rose 4.29% 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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