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Warren Buffett Rebukes Trump’s Tariffs Plan in CBS Interview: ‘Act of War’
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Warren Buffet Compares Trump's Tariffs on Mexico and Canada to 'An Act of War'
Warren Buffett breaks silence on Trump’s planned tariffs: ‘Act of war’
The legendary investor behind Berkshire Hathaway discussed his take on the president’s controversial 25% tariffs on Canada and Mexico.
The past week has been a rollercoaster ride for the financial world. From Warren Buffett’s stern warning about tariffs to President Trump’s call to end the CHIPS Act, the market has been grappling with a flurry of developments.
In some ways, Mr. Buffett is on his own here because most investment managers aren’t following his cautious approach. According to Bank of America’s global fund manager survey for February, cash levels at mutual funds are sitting at just 3.5 per cent, on average. That is the lowest level since 2010 and implies terrific bullishness.
Warren Buffett and Steve Cohen warned consumers would be footing the bill for Trump's trade war, and business bosses have now confirmed they plan to pass on at least half of their rising costs.
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