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Warren Buffett Warns Tariffs Are 'An Act of War' with Economic Consequences

  • Warren Buffett described tariffs as 'an act of war' that act as a consumer tax during an interview with CBS News.
  • Goldman Sachs Group Inc. estimates that tariffs could decrease corporate earnings by 1-2% for every 5% increase in tariffs.
  • Canada plans retaliatory tariffs on up to $155 billion worth of American goods, and Mexico's President Claudia Sheinbaum confirmed counter-tariff plans.
  • Market volatility has increased amid fears of a slowing economy and concerns over President Trump's recent tariff implementation.
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Warren Buffett criticizes the trade policy of US President Donald Trump. The entrepreneur fears long-lasting inflation.

·Berlin, Germany
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  • 56% of the sources are Center
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CNBC broke the news in United States on Sunday, March 2, 2025.
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