"Tariffs are actually, we've had a lot of experience with them. They're an act of war, to some degree," Buffett said.

President Donald Trump’s tariffs on imports of foreign goods have already begun, and more are on the way, likely forcing some businesses to raise prices.

COLUMN. In his annual letter to shareholders published on Saturday, the Berkshire Hathaway boss urged the US president to spend government money 'wisely,' and warned him of the inflationary crisis that could result from his policies,

Billionaire Warren Buffett criticized US president Donald Trump's tariffs on Canada, Mexico, and China as an "act of war", predicting economic harm. Trump’s tariffs will add significant costs to imports,