In a recent CBS interview, Warren Buffett criticized tariffs imposed by President Trump, describing them as detrimental to the economy and equating them to acts of war. He argued that such tariffs ultimately lead to price increases for consumers, emphasizing the long-term inflationary impact. As Trump prepared to implement significant tariffs on imports from Canada, Mexico, and China, Buffett's comments seemed to express serious concern, reflecting broader economic implications. Furthermore, he noted Berkshire Hathaway's strategy to invest in safer Treasury bills amid market volatility caused by tariff announcements.
Over time, they're attacks on goods... I mean, the tooth fairy doesn't pay them.
You always have to ask that question in economics: And then what? Prices will be higher 10 years from now, 20 years from now, 30 years from now.
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