The rebuke of President Trump’s tariff plans came just days before sweeping tariffs on Canada and Mexico were expected to go into effect.
1don MSN
President Donald Trump’s tariffs on imports of foreign goods have already begun, and more are on the way, likely forcing some businesses to raise prices.
The legendary investor behind Berkshire Hathaway discussed his take on the president’s controversial 25% tariffs on Canada and Mexico.
Warren Buffett says tariffs are “an act of war, to some degree.” Berkshire Hathaway’s chairman and chief executive said the country has had a lot of experience with tariffs, and that over time they are a tax on goods.
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Latin Times on MSNWarren Buffet Compares Trump's Tariffs on Mexico and Canada to 'An Act of War'Buffett has previously expressed concerns about tariffs, opposing Trump's trade proposals during the 2016 campaign, when he called them "a very bad idea"
President Trump says tariffs on Canada and Mexico will begin Tuesday. Here's what Warren Buffett thinks of the idea.
The effects of the tariffs imposed by the Trump administration on goods from Canada, Mexico and China are starting to be seen in global stock markets. The three major stock market indexes in the United States fell following Trump’s announcement that he would proceed to slap 25% tariffs on goods from Canada and Mexico,
The Daily Beast on MSN5d
Warren Buffett Trashes Trump’s Tariffs: ‘An Act of War’The famed investor pushed back on Trump’s claims on who will pay the 25-percent fees levied on goods from Canada and Mexico from Tuesday.
In some ways, Mr. Buffett is on his own here because most investment managers aren’t following his cautious approach. According to Bank of America’s global fund manager survey for February, cash levels at mutual funds are sitting at just 3.5 per cent, on average. That is the lowest level since 2010 and implies terrific bullishness.
"Over time, they are a tax on goods. I mean, the Tooth Fairy doesn't pay 'em!" Berkshire Hathaway CEO Warren Buffett told CBS.
Legendary investor Warren Buffett likened tariffs to “an act of war” in a new interview as President Trump doubles down on his embrace of the economic strategy. In an interview that
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