The rebuke of President Trump’s tariff plans came just days before sweeping tariffs on Canada and Mexico were expected to go into effect.
What Walmart and 13 other companies have said about Trump’s tariffsPresident Donald Trump plans to slap tariffs on Mexico and Canada, and raise duties on China, on March 4, 2025. Tariffs on the European Union and others are in the works.
The legendary investor behind Berkshire Hathaway discussed his take on the president’s controversial 25% tariffs on Canada and Mexico.
Buffett has previously expressed concerns about tariffs, opposing Trump's trade proposals during the 2016 campaign, when he called them "a very bad idea"
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.
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.
Warren Buffett and Steve Cohen warned consumers would be footing the bill for Trump's trade war, and business bosses have now confirmed they plan to pass on at least half of their rising costs.
President Trump says tariffs on Canada and Mexico will begin Tuesday. Here's what Warren Buffett thinks of the idea.
"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