Warren Buffett on tariffs

Tariffs are actually - we have a lot of experience with them - they're an act of war, to some degree.

Over time, they are a tax on goods.  I mean, the Tooth Fairy doesn't pay 'em. [laughter]  You always have to ask that question in economics, you always say, "And then what?"

~ Warren Buffett, CBS News interview, March 2, 2025