“Tariffs are actually, we’ve had a lot of experience with them. They’re an act of war, to some degree,” the billionaire told host Norah O’Donnell as part of a feature on the late Washington Post publisher Katharine Graham, a friend of his.
Asked specifically whether tariffs will impact inflation, Buffett said: “Over time, they are a tax on goods. I mean, the Tooth Fairy doesn’t pay ’em! And then what? You always have to ask that question in economics. You always say, ‘And then what?'”
Buffett, 94, is currently estimated by Forbes to be worth around $160 billion.
A 23 kiloton tower shot called BADGER, fired on April 18, 1953, at the Nevada Test Site, as part of the Operation Upshot–Knothole nuclear test series.
