Warren Buffett, the stock god, rarely comments on politics! Comments on Trump's tariff policy: to some extent, it's a war act

Legendary investor Warren Buffett recently made rare comments on US President Donald Trump's tariff policies, calling them 'some kind of a war.' The remarks came during his interview with CBS News reporter Norah O'Donnell for the documentary 'Becoming Katharine Graham,' which is now available on Amazon Prime and tells the extraordinary life of the late publisher of The Washington Post, Katharine Graham.

Buffett: Tariffs are to some extent a war act

Buffett stated in an interview: 'Tariffs, in fact, we have a lot of relevant experience. They are, to some extent, a form of warfare.' He further explained that tariffs would ultimately become a tax on goods, raise prices, burden consumers, and could lead to inflation. He joked, 'The tooth fairy won't pay for you!' This is a metaphor implying that tariffs will ultimately be passed on to consumers, leading to inflation.

As the chairman of Berkshire Hathaway (Berkshire Hathaway), the group covers multiple areas including insurance, railroads, manufacturing, energy, and retail. Buffett has profound insights into the impact of trade policies. He emphasizes that in economics, one must always ask 'And then what?', indicating that the chain reaction of tariffs may far exceed expectations.

In fact, Buffett rarely accepts interviews and rarely comments on politics publicly, but his remarks this time echo his past political stance. During the 2016 US presidential election, he openly supported the Democratic candidate Hillary Clinton, and questioned Trump's economic policies. Now, his criticism of tariffs seems to continue his concerns about protectionism, which are closely related to the current US economic situation.

This article, the stock god Buffett rarely criticizes politics! Comments on Trump's tariff policy: to some extent, it is a warlike act first appeared in Chain News ABMedia.