Catalysts anchors Seana Smith and Madison Mills discuss Berkshire Hathaway (BRK-B, BRK.A) CEO Warren Buffett’s comments on President Trump’s tariff plans, calling them an "act of war" and warning of their potential impact on everyday Americans.
"Over time, they are a tax on goods. I mean, the Tooth Fairy doesn’t pay ‘em," Buffett told CBS News over the weekend.
Buffett highlights the inflationary effects of tariffs, while also acknowledging that rising prices are a long-term trend.
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