From Nasdaq: 2025-03-31 04:45:00

Warren Buffett recently issued a stark warning about President Trump’s tariffs, calling them “an act of war.” This warning could have implications for Social Security, as tariffs can lead to higher inflation and potentially slow economic growth. If tariffs cause a recession, it could result in lower employment and reduced FICA payroll taxes that fund Social Security. However, President Trump has shown a willingness to backtrack on some tariff threats, which could mitigate the impact. Ultimately, the effects of tariffs on Social Security remain uncertain as the situation continues to evolve.



Read more at Nasdaq: What Warren Buffett’s Warning About President Trump’s Tariffs Could Mean for Social Security