Reported about 9 hours ago
In a recent CBS interview, Warren Buffett expressed his critical view on tariffs, labeling them 'an act of war' and noting their negative impact on international trade. He argued that tariffs increase consumer prices by imposing additional taxes on imported goods and have historically led to detrimental economic consequences. As President Trump prepares to impose new tariffs on Canada, Mexico, and China, Buffett cautioned about the importance of understanding who ultimately bears the costs of such trade policies.
Source: YAHOO