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The president also enacted a new 20% blanket tariff on China.

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More changes could be coming, as well.

Weve had a lot of experience with them, he stated.

Theyre an act of war to some degree.

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The Tooth Fairy doesnt pay em!

Buffett said with a laugh.

He added, You always have to just, And then what?

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You always have to ask that question in economics, always say and then what?'

Meanwhile, Buffett said the tariffs will have a long-term negative effect.

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