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

I mean, the tooth fairy doesn't pay 'em ... Some read Buffett's conservative moves as a bearish call on the market and the economy, while others believe he's preparing the conglomerate for ...

Warren Buffett isn't one to wade into politics, but as an outsider warned tariffs are likely to prove inflationary.

He wet on to say that over a period of time, they are tax on goods. “I mean, the Tooth Fairy doesn’t pay ’em!” Buffet added with a chuckle. He further commented saying, “And then what?

The average Tooth Fairy payout fell from $5.84 to $5.01, marking a 14% decline. First-tooth payouts also dropped 12%, down from $7.09 to $6.24. Despite the decrease, the Tooth Fairy’s payouts ...