Warren Buffett Slams Trump’s Tariffs as a Hidden Tax on Consumers: ‘Even the Tooth Fairy Won’t Cover It!’

Warren Buffett, the famous investor and CEO of Berkshire Hathaway, recently shared his thoughts on President Donald Trump’s tariffs. He believes these tariffs could lead to inflation and hit consumers hard.

Buffett described tariffs as “an act of war, to some degree.” He emphasized that they effectively function as a tax on goods, noting with humor, “The Tooth Fairy doesn’t pay ’em!”

This is Buffett’s first public comment on Trump’s trade policies. Just last week, Trump announced new tariffs: 25% on imports from Mexico and Canada and an additional 10% on Chinese goods, set to begin on March 4. China has promised to retaliate.

Buffett has previously expressed concern over trade conflicts during Trump’s first term, warning that aggressive trade tactics could have global repercussions.