Warren Buffett calls Trump’s tariffs to tax, says: “The dental fairy does not pay” them “

Legendary investor Warren Buffett made a rare comment on the president Donald Trump Tariffs, saying that punitive duties can cause inflation and harm consumers.

“Tariffs actually, we had a lot of experience with them. They are to some extent – this is an act of war,” said Buffett whose conglomerate Berkshire Hethai It has a large business in the field of insurance, railway, production, energy and retail. He made the notes In an interview with CBS News’ Norah O’Donnell For the new documentary about the dead publisher Washington Post Catharin Graham.

“Over time, they are the tax on the goods. I mean, the dental fairy does not pay”! “” Buffet said with laughter. “And then what? You should always ask this question in the economy. You always say, “And what?”

This means the first public remark from the 94-year-old “Oracle of Omaha” on Trump’s trade policy. Last week Trump announced this A fodder 25% tariffs for imports from Mexico and Canada It will come into force on March 4, and on the same date China is charged an additional 10% tariff. China promised to avenge.

During the first term Trump, Chairman and CEO of Berkshire Caused for a long time in 2018 and 2019 As for trade conflicts that broke out, warning that the Republican aggressive steps can have negative consequences worldwide.

Asked about the current state of the CBS economy, Bool refrained from commenting directly.

“Well, I think this is the most interesting topic in the world, but I won’t talk about it but can’t. I really can’t,” Buffett said.

Buffett was in defensive mode over the last year as he quickly dumped stocks and collected a record amount of cash. Some read Buffett’s conservative steps as a bearish call for the market and the economy, while others believe that he prepares a conglomerate for his successor, disassembling non -target positions and creating cash.

The market variability has increased since the problems have grown over the delayed economy, the unpredictable changes in Trump’s policy, as well as the overall assessment of the shares. This year, the S&P 500 increased by approximately 1%.