(DailyEmailNews.com) – Resorting to fearmongering to rile up the liberal base, billionaire investor Warren Buffett has called President Donald Trump’s tariffs “an act of war” that will harm American consumers.
The elitist financial figure criticized the president’s strong trade stance against China, Canada, and Mexico during a recent interview, showing a shocking disregard for American workers and national security.
While President Trump implements strategic tariffs to combat illegal drug trafficking and protect American manufacturing jobs, Buffett appears more concerned with his own investment portfolio.
The 93-year-old Berkshire Hathaway CEO made these controversial comments during an interview with CBS News’ Norah O’Donnell for a documentary about Katharine Graham.
Buffett claimed, “Tariffs are actually, we’ve had a lot of experience with them. They’re an act of war, to some degree.”
“Over time, they’re 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?'” he added.
What Buffett conveniently ignores is that President Trump’s tariffs target countries that have been taking advantage of American generosity for decades while flooding the nation with dangerous drugs and stealing manufacturing jobs.
The president announced new tariffs on Canada, Mexico, and China, specifically to combat illegal drug flow and bring manufacturing back to America.
The tariffs include a 25% levy on Canada and Mexico and an additional 10% on China, on top of a previous 10% tariff.
These measures are necessary to protect American sovereignty and economic interests against unfair trade practices.
“We cannot allow this scourge to continue to harm the USA, and therefore, until it stops, or is seriously limited, the proposed TARIFFS scheduled to go into effect on MARCH FOURTH will, indeed, go into effect, as scheduled,” President Trump stated.
Buffett’s comments are particularly hypocritical, considering Berkshire Hathaway has significant interests.
His conglomerate has stakes in various sectors, including insurance, railroad, manufacturing, energy, and retail, which have benefited from cheap foreign imports at the expense of American workers.
China has already promised to retaliate against these tariffs, proving President Trump’s point about the need for a strong American stance on trade.
The liberal media and business elites have been quick to criticize any action President Trump has taken to protect American interests.
While industry groups like the National Restaurant Association express concerns about potential price increases, they fail to acknowledge the long-term benefits of restoring American manufacturing and stopping the flow of illegal drugs.
Buffett has been notably selling stocks and accumulating cash over the past year, which some financial analysts interpret as a bearish outlook.
This raises questions about whether his criticism of President Trump’s tariffs is motivated by genuine economic concerns or political bias against the America First agenda.
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