This marks the first remark from the 94-year-old business mogul on Trump’s trade and economic policies. Last week, the Republican firebrand announced the sweeping 25 per cent tariffs on imports from Mexico and Canada,

"Tariffs are actually, we've had a lot of experience with them. They're an act of war, to some degree," Buffett said.

Warren Buffett is celebrating the successes of Berkshire Hathaway’s companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate.

COLUMN. In his annual letter to shareholders published on Saturday, the Berkshire Hathaway boss urged the US president to spend government money 'wisely,' and warned him of the inflationary crisis that could result from his policies,

The legendary Warren Buffett is not one to talk about politics much, but when it comes to President Donald Trump’s tariffs, the Oracle of Omaha isn’t staying quiet. In a rare comment, Warren called them what they really are—an extra tax on everyday products.