"Tariffs are actually, we've had a lot of experience with them. They're an act of war, to some degree," Buffett said.

Donald Trump on Monday said that Canada and Mexico can't avert his sweeping tariffs, due to come into effect on Tuesday.

Berkshire Hathaway’s legendary CEO Warren Buffett says that tariffs are an “act of war” that could further worsen inflation. After a blitz of information in recent weeks, it seems that the market agrees,

Billionaire investor Warren Buffett likened tariffs to an “act of war” and said that over time they will act as a tax on goods.

This marks the first remark from the 94-year-old business mogul on Trump’s trade and economic policies. Last week, the Republican firebrand announced the sweeping 25 per cent tariffs on imports from Mexico and Canada,

Warren Buffett broke his silence on President Trump’s trade policies, comparing his planned tariffs on Canada and Mexico to an “act of war.” The legendary investor behind Berkshire Hathaway – which has large businesses in insurance,

Tariffs might be President Donald Trump’s favorite word. To legendary investor Warren Buffett, there is less to be excited about.

US Tariff Decision The United States government is set to impose new tariffs on goods imported from Canada, Mexico, and China starting March 4. These tariffs will increase the cost of products entering the US market from these countries.