In a rare interview, legendary investor Warren Buffett discussed the economic impact of tariffs, calling them a form of economic warfare and a tax on goods. As the Trump administration prepares to impose new tariffs on imports from Mexico, Canada, and China, Buffett emphasized that tariffs ultimately increase costs for businesses and consumers.
While declining to comment directly on the state of the U.S. economy, Buffett reaffirmed his strong belief in investing in American businesses, stating that the U.S. remains the best place for investment. Despite Berkshire Hathaway’s large cash holdings, Buffett reiterated his long-term commitment to equities, particularly American companies with global operations.
