No. of Recommendations: 3
“ But what really stood out wasn’t the numbers — it was the tone. In its official filing, the company warned that President Trump’s newly imposed tariffs on goods from Mexico, Canada, and China pose a real threat to its businesses.
“It is reasonably possible there could be adverse consequences on most, if not all, of our operating businesses,” Berkshire wrote in its Q2 earnings report.
Buffet put it more bluntly and called tariffs “an act of war, to some degree,” in a recent interview with CBS's Norah O'Donnell.
“Over time, they are a tax on goods. I mean, the tooth fairy doesn’t pay ’em! And then what? You always have to ask that question in economics. You always say, ‘And then what?”
finance.yahoo.com - Berkshire hathaway issues stern warning 