US President Donald Trump is set to impose tariffs on Canada and Mexico, along with additional tariffs on China, from March 4. Breaking his silence on the string of Trump’s tariff announcements, legendary investor Warren Buffet has called them, “an act of war, to some degree.” In an interview with CBS over the weekend, Buffett said that he’s had a lot of experience with tariffs and according to him, they’re an act of war to some extent. He wet on to say that over a period of time, they are tax on goods. “I mean, the Tooth Fairy doesn’t pay ’em!” Buffet added with a chuckle. He further commented saying, “And then what? You always have to ask that question in economics. You always say, and then what?” https://www.financialexpress.com/wo...mps-tariffs-calls-them-an-act-of-war/3765118/
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correct. I was pointing out that the US has to pay tariffs that other countries impose. not sure if that is news to anyone.
Im telling you now ....China Mexico and Canada are going to destroy us. They will win the tariff war. The US economy is going to go into a deep deep recession with gdp going to 0, consumers will be completely burnt out while unemployment skyrockets and wallstreet collapses!!!