Warren Buffett at a press conference during the Berksshire Hathaway shareholder meeting on April 30, 2022.
CNBC
Legendary investor Warren Buffett gave a rare comment on the president Donald Trump Tariffs, saying criminal duties, can stimulate inflation and hurt consumers.
“Tariffs are actually, we have had a lot of experience with them. They are to some extent the act of war,” said Buffett, whose conglomerate Berksshire Hathaway It has large insurance companies, railways, production, energy and retail. He expressed his remarks In an interview with CBS News’ Norah O’Donnell For a new documentary about the late Washington Post publisher, Katharine Graham.
“Over time, goods are tax tax. I mean, a tooth fairy does not pay them!” Said Buffett with laughter. “And then what? You always have to ask that question in the economy. You always say,” Then what? “
This indicates the first public remark of the 94-year-old “Oracle of Omaha” about Trump’s trade policies. Trump posted that last week Starting a 25% tariff on imports from Mexico and Canada He will enter into force on March 4 and that China will be charged an additional 10% of the tariff on the same date. China vowed to take revenge.
During Trump’s first term, Berksshire chair and executive director Usually in detail in 2018 and 2019 About trade conflicts that broke out, warning that Republican aggressive moves could cause negative consequences at a global level.
When asked about the current state of the economy by CBS, Buffett refrained from commenting directly.
“Well, I think it’s the most interesting topic in the world, but I won’t talk, I can’t talk about it. I really can’t,” Buffett said.
Buffett was in defensive mode over the past year Quickly ejected supplies and collected a record amount of money. Some read Buffett’s conservative moves as a bear call to market and economics, while others believe that he prepares a conglomerate for their successor by slowing huge positions and building cash.
The market volatility has increased after concern has grown to slow down the economy, unpredictable changes in politics from Trump, as well as total stock assessments. The S&P 500 increased by about 1%this year.
