JOURNAL ARTICLE

Warren Buffett says tariffs leave consumers footing the bill: 'The tooth fairy doesn't pay 'em'.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Pringle, Eleanor 3 of 3

Abstract

The article discusses Warren Buffett's warnings about the inflationary effects of tariffs, particularly in the context of policies pursued by the Trump administration. Buffett argues that tariffs act as a tax on goods, ultimately leading to higher prices for consumers, and emphasizes that the burden of these tariffs will not be absorbed by foreign businesses but will instead impact American consumers. The article also highlights concerns from the Federal Open Market Committee (FOMC) regarding the potential for businesses to pass increased costs onto consumers due to tariffs. Additionally, it notes conflicting views from Trump administration officials about the impact of tariffs on U.S. consumers. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/03, pN.PAG
  • Document Type:Article
  • Subject Area:Political Science
  • Publication Date:2025
  • Accession Number:183432954
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