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buffett calls trump tariffs an act of war impacting us economy

Warren Buffett labeled Trump's tariffs on Canada, Mexico, and China as "an act of war," warning they could significantly raise prices on a wide range of goods, including vehicles and food. The tariffs, imposing a 25% levy on Canadian and Mexican imports and 20% on Chinese goods, are expected to increase production costs for vehicles by up to $12,000, potentially leading to job cuts and reduced production in the automotive industry. As a result, American consumers will face higher prices across various sectors.
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United States Dollar Canadian Dollar Mexican Peso Berkshire Hathaway Inc. MEX USA Patrick Anderson Peter Nagle Warren Buffett Katharine Graham Show more
Finance & Economy, Market Report
14:40 04.03.2025
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