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Fortune
Fortune
Eleanor Pringle

Warren Buffett says tariffs leave consumers footing the bill: ‘The tooth fairy doesn’t pay ’em’

Warren Buffett Donald Trump Inflation Scott Bessent US Federal Reserve Berkshire Hathaway
Warren Buffett, Chairman and CEO of Berkshire Hathaway (Credit: Kevin Dietsch—Getty Images)
  • Warren Buffett warned that tariffs ultimately lead to inflation, emphasizing that consumers as well as foreign businesses bear the cost. While the Trump administration claims tariffs won’t impact Americans, rising prices and economic concerns suggest otherwise, with even the Federal Open Market Committee (FOMC) acknowledging their inflationary effects.

While Warren Buffett notably stays out of the political melee, the Berkshire Hathaway CEO has passed comment on tariff hikes—a policy being pursued by the current Trump administration.

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