In a rare public rebuke, Buffett criticized President Donald Trump's sweeping tariff plan.
'Tariffs are actually, we've had a lot of experience with them,' he said in an interview on CBS New. 'They’re an act of war, to some degree. 'Over time, they are a tax on goods. I mean, the tooth fairy doesn’t pay 'em!'
The Trump camp argues that tariffs will boost government revenue, lower taxes, and spur domestic manufacturing. But most economists and investors - including Buffett - warn they're more likely to drive up consumer prices and strain international trade relationships.
Before striking a last-second deal with the leaders of Canada and Mexico, global stock markets started to tumble . Immediately after the tariffs were called off, the US stock market leveled off. Markets reacted similarly on Monday after President Trump confirmed that he was imposing tariffs on the neighboring countries.
The S&P 500 fell 1.8 percent, marking its worst day since December, the Dow Jones Industrial Index lost 1.5 percent and the tech-heavy Nasdaq was down 2.6 percent at market close
G'onya Donny.....didn't know that you hated Biden that much as to screw the wonderful legacy he left you.
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In a rare public rebuke, Buffett criticized President Donald Trump's sweeping tariff plan.
'Tariffs are actually, we've had a lot of experience with them,' he said in an interview on CBS New. 'They’re an act of war, to some degree. 'Over time, they are a tax on goods. I mean, the tooth fairy doesn’t pay 'em!'
The Trump camp argues that tariffs will boost government revenue, lower taxes, and spur domestic manufacturing. But most economists and investors - including Buffett - warn they're more likely to drive up consumer prices and strain international trade relationships.
Before striking a last-second deal with the leaders of Canada and Mexico, global stock markets started to tumble . Immediately after the tariffs were called off, the US stock market leveled off. Markets reacted similarly on Monday after President Trump confirmed that he was imposing tariffs on the neighboring countries.
The S&P 500 fell 1.8 percent, marking its worst day since December, the Dow Jones Industrial Index lost 1.5 percent and the tech-heavy Nasdaq was down 2.6 percent at market close
G'onya Donny.....didn't know that you hated Biden that much as to screw the wonderful legacy he left you.