Warren Buffett, the CEO of Berkshire Hathaway, describes tariffs as 'an act of war' and equates them to a tax on goods, stating their negative impact on inflation. In a CBS interview, he highlights his reluctance to discuss the economy or politics but affirms his commitment to maintaining U.S. investments. Meanwhile, President Trump’s tariff proposals on countries like Canada and China have raised concerns among economists about the potential harm to the U.S. economy, with expectations that costs may be passed on to consumers rather than foreign businesses.
Tariffs are 'an act of war, to some degree,' according to Warren Buffett.
Over time, they are a tax on goods. I mean, the Tooth Fairy doesn't pay 'em!
He also didn't answer further questions about politics.
A majority of any money I manage will always be in the United States because it's the best place.
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