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

Legendary Warren Buffett A rare comment on the president Donald Trump The customs tariff, saying that punitive duties can lead to inflation and harm consumers.

“The definitions are in fact, we had a lot of experience with them,” said Pavite, whose conglomerate said. Berkshire Hathaway It has large companies in insurance, railway, manufacturing, energy and retail. Make up In an interview with CBS News’ Norah O’Donnell For a new documentary film on the late publisher of the Washington Post, Catherine Graham.

“Over time, it is a tax on the goods. I mean, the teeth does not pay!” Pavit said with laughter. “Then what? You always have to ask this question in the economy. You always say, and what?”

This is the first general note of “Oracle Omaha”, 94, about Trump’s commercial policies. Last week, Trump announced this Ships are 25 % overdrides on imports from Mexico and Canada It will enter into force on March 4 and that China will be imposed 10 % on the same date. China pledged revenge.

During the first period of Trump, the Berkshire chair and CEO He saw a lengthy in 2018 and 2019 On the commercial conflicts that erupted, warning that the Republic’s aggressive movements could cause negative consequences in the world.

When asked about the current situation of the economy by CBS, Buffett refrained from commenting directly.

“Well, I think this is the most interesting topic in the world, but I will not talk, I cannot talk about it, I can’t really,” Pavit said.

Pavite was in a defensive position over the past year as it is Speedly compressed shares and raised a record money. Some read the conservative Pavite movements as a declining call in the market and the economy, while others believe that it is preparing to bloc to its successor by exfoliation of huge positions and building money.

Market fluctuations have increased in recent times, as concerns have grown about the slowdown in the economy, the unpredictable changes in politics from Trump as well as the total assessments of shares. The S&P 500 rose about 1 % this year.