Warren Buffett’s Tariff Warning Echoes Through Wall Street

Berkshire Hathaway's second-quarter earnings report underscored Warren Buffett's growing unease with President Donald Trump's tariff policies. The conglomerate, often viewed as a bellwether for the U.S. economy, conspicuously avoided stock buybacks while amplifying its critique of trade barriers. Buffett previously likened tariffs to "an act of war," emphasizing their inflationary impact on consumer goods.

The Oracle of Omaha's warnings carry particular weight as he prepares to step down as CEO within five months. Market participants scrutinizing Berkshire's filings found no softening of stance—only reinforced skepticism about protectionist measures. This comes amid broader market uncertainty, though cryptocurrencies continue operating in their own regulatory orbit.