Warren Buffett Calls Trump’s Tariffs a Tax on Goods, Says’ The Tooth Fairy Doesn’T Pay ‘Em’

Legendary investor Warren buffett Made a rare comment on president Donald Trump’s Tarifs, Saying Punitive Duties Cold Trigger Inflation and Hurt Consures.

“Tarifs are actually, we’ve had a lot of experience with it. Berkshire hathaway Has Large Businesses in Insurance, Railroad, Manufacturing, Energy and Retail. He made the remarks In an interview with CBS news’ Norah O’Donnell For a new documentary on the late publisher of the washington post, Katharine Graham.

“Over time, they are a tax on goods. I mean, The tooth Fairy Doesn’T Pay ‘Em!” Buffett said with a logter. “And then what? You Always have to Ask That Question in Economics. You Always Say, ‘And then What?”

This marks the first public remark from the 94-year-old “Oracle of Omaha” on Trump’s Trade Policies. Last Week, Trump Announced That The Sweeping 25% tariffs on Imports from Mexico and Canada will go into effect March 4 and that china will be charged an additional 10% tariff on the same date. China has vowed to retaliate.

DURING Trump’s First Term, The Berkshire Chair and CEO Opined at length in 2018 and 2019 About the trade conflicts that were erked, warning that the republican’s aggressive moves group cause negative consorteces globally.

When asked about the current state of the economy by CBS, Buffett refrained from comment on it directly.

“Well, I think that’s the most interesting subject in the world, but I won’t talk, I can’t talk about it, thought. I really can’t,” buffett said.

Buffett has been in a defensive mode over the past year as he Rapidly Dumped Stocks and Raised a Record Amount of CashSome Read Buffett’s Conservative Moves as a bearish call on the market and the economy, while others beLive he’s preparation the congregation for his successor by Paring Oatsized Postions and Building Up Cash.

Market Volativity has ramped up as of late as Concerns Grew about a Slowing Economy, Unpredictable Policy Changes from Trump as Well as Overall Stock Valuations. The S&P 500 is up just about 1% this year.