Warren Buffett Warns Tariffs Are 'An Act of War' with Economic Consequences

The Berkshire Hathaway CEO critiques tariffs as a costly burden on consumers ahead of Trump's planned trade measures.

Warren Buffett described tariffs as 'an act of war, to some degree,' highlighting their disruptive impact on trade and economic systems.
Buffett emphasized that tariffs ultimately function as a tax on goods, with costs often passed on to consumers in the form of higher prices.
President Trump plans to implement 25% tariffs on goods from Mexico and Canada starting Tuesday, alongside additional tariffs on Chinese imports.
Economists warn that these tariffs could harm the U.S. economy by raising consumer prices and straining international trade relationships.
Buffett reiterated his confidence in the U.S. economy, stating that the majority of his investments will remain in the United States.