Warren Buffett criticizes Trump's tariffs, warns of inflation, views them as harmful tax on goods.

From CNBC: 2025-03-02 12:28:28

Warren Buffett warns that President Trump’s tariffs could lead to inflation and harm consumers. He views tariffs as an act of war and a tax on goods. This marks Buffett’s first public comment on Trump’s trade policies. Trump’s tariffs on Mexico, Canada, and China have raised concerns globally.

Buffett has been defensive, selling stocks and amassing cash. Some see this as a bearish market call, while others believe he is preparing Berkshire Hathaway for his successor. Market volatility has increased due to economic slowdown fears and unpredictable policy changes. The S&P 500 is up only 1% this year.

Read more: Warren Buffett calls Trump’s tariffs a tax on goods, says ‘the Tooth Fairy doesn’t pay ’em’