Warren Buffett rarely speaks out: Tariffs are 'warfare' that will harm consumer interests

On March 3, Jinshi Data reported that, according to CBS, Warren Buffett made rare comments on Trump's tariff issue, stating that punitive tariffs could lead to inflation and harm consumers' interests. He said: 'In fact, we have a lot of experience in tariffs. To some extent, tariffs are like an act of war. In the long run, tariffs are taxation on goods.' When asked about the current economic situation in the United States, Buffett did not directly comment on it. Buffett said, 'I think this is the most interesting topic in the world, but I won't discuss it.' In the past year, Buffett has been in a 'defensive mode,' rapidly dumping stocks and accumulating a record cash reserve ($334.2 billion). Some interpret Buffett's conservative measures as a bearish signal for the market and the economy, while others believe that he is preparing for the company's successor by cutting large-scale holdings and accumulating cash.