Warren Buffett, chair of Berkshire Hathaway Inc., has weighed in on the impact of tariffs on inflation. In a recent interview with CBS News, Buffett described tariffs as “an act of war to some degree.” He also stated that over time, tariffs are essentially a tax on goods.
Buffett’s comments come after President Trump imposed a series of tariffs on various countries, including China and Canada. The move was seen as an attempt to protect American industries and boost economic growth.
As a seasoned investor with extensive experience in global markets, Buffett’s opinion carries significant weight. His statement highlights the potential risks associated with tariffs, both for businesses and consumers.
The interview aired on Sunday, providing insight into the billionaire investor’s views on trade policies and their impact on the economy.
Source: https://www.marketwatch.com/story/heres-what-warren-buffett-thinks-of-trumps-tariffs-over-time-they-are-a-tax-on-goods-1bce5c90