Will Donald Trump Heed Warren Buffett’s Stark Warning About Tariffs?
From Nasdaq.: 2025-01-20 03:50:00
Billionaires like Jeff Bezos, Elon Musk, and Mark Zuckerberg are expected to attend Donald Trump’s presidential inauguration. However, Warren Buffett won’t be there, and Berkshire Hathaway hasn’t donated to the event. Meanwhile, Buffett has given advice on Trump’s proposed policies in the past.
Trump, known as “Tariff Man,” plans to impose additional tariffs on China, Canada, and Mexico. Buffett has warned about the negative impact of tariffs on the economy, and many economists agree with his stance.
Some on Wall Street believe Trump may heed Buffett’s warnings on tariffs, but there is still uncertainty. Investors are advised to consider the potential impact of tariffs on the market.
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