Warren Buffett's views on tariffs and the economy
Warren Buffett views tariffs as 'an act of war' and believes they are ultimately a tax on goods that will be paid by consumers. He emphasizes the importance of considering the long-term effects of tariffs on the economy. Buffett prefers to keep the majority of the money he manages in the United States, considering it the best place for investment. He has refrained from endorsing any presidential candidate for the 2024 election.
Key Points
- Tariffs are viewed as 'an act of war' by Buffett
- Tariffs are considered a tax on goods that consumers ultimately pay
- Buffett prefers to invest a majority of his money in the United States