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Buffett: Tariffs increased some costs for us

Alcral AG Asset Management
30/08/2018
  • Buffett: Tariffs Increased Some Costs For Us 1/1

American businessman and Berkshire Hathaway Inc.'s head Warren Buffett said on Thursday that the trade tariffs between China and the United States have increased some costs for his company, including building materials and paint.

Speaking to CNBC, the billionaire investor explained he sees the American economy has progressively gotten better since 2009. "Business is good across the market," he underscored, before adding that "it keeps getting better."

On the chair of the Federal Reserve, Jay Powell, Buffett stated he is "terrific" as head of the central bank and is confident he will "do the right thing." "He'll do what is best for the American economy over time, no question about that," he stressed.

Breaking the News / JC