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In this article: Warren Buffett calls Trump's tariffs a hidden tax on consumers, saying companies are shifting costs to customers.

President Trump announced new tariffs of 25% on Mexico and Canada and 10% on China that will take effect March 4.
BREAK President Trump has launched a national security probe into Canadian lumber that could lead to new tariffs and trade friction.
Legendary Warren Buffett doesn't like to talk politics, but when it comes to President Donald Trump's tariffs, the Oracle of Omaha won't shut up. In a #rare comment, Warren called the tariffs what they are: an additional tax on goods.
In an #interview with CBS News' Nora O'Donnell, Warren compared tariffs to an act of war and said consumers, not foreign companies, ultimately pay.
Tariffs are really, we have a lot of experience with them. To some extent they are an act of war. Over time, tariffs become a tax on goods.
added Warren with a laugh. Warren added with a laugh. So what happens then? In economics, you always have to ask that question. 'What happens then? ' .
Warren Buffett, CEO of Berkshire Hathaway, is interviewed in Tokyo on April 11, 2023.
Trump has not taken a step back on tariffs. Just last week, he announced new trade measures against Mexico, Canada and China. Imports from Mexico and Canada will be hit with tariffs of 25% and Chinese products will be hit with an additional 10%. China is already preparing to retaliate.
And now the S&P 500 index is struggling: according to Google Finance, it is up only 1% this year, while Warren is dumping stocks and saving up his cash reserves. Some investors believe that this means he is anticipating a downturn in the market, while others believe that he is simply preparing Berkshire Hathaway to become the next leader, as Cryptopolitan reported a week ago.
CBS When asked about the economy in an interview with CBS, Warren dodged the question by laughing and saying: "I can't talk about it. I really can't talk about it.

the U. S.
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IN THIS ARTICLE: Zelensky leaves the White House after a heated argument with Trump over the lack of a rare earth metals deal or peace agreement

President Trump accused Zelensky of exploiting U. S. involvement in the Russia-Ukraine war, saying it was "disrespectful" in the Oval Office.
Stocks fell from previous highs and the Cboe Volatility Index #rose 4.8%.
Ukrainian President Vladimir Zelensky left the White House on Friday afternoon, leaving the collapsing mineral agreement and the ongoing war in Ukraine in his wake.
What was supposed to be a meeting with President Donald Trump turned into an explosive confrontation in the Oval Office, with Zelensky leaving and Trump claiming that peace talks had not yet begun
reporters rushed outside to question Zelensky. He peppered them with questions, asking if his conversation with Trump meant the end of a deal that could end the war between Russia and Ukraine. Zelensky ignored them, got into his car and disappeared into Washington. Minutes later, the White House abruptly canceled a planned joint press conference and cut off official statements from the two leaders.
The meeting between Trump and Zelensky in the Oval Office was a sign that the U. S. could gain access to Ukrainian #rare earths, which are important for technology, defense and the global economy. The meeting began with a discussion of a possible #mining deal between the U. S. and Ukraine that would give the U. S. access to Ukrainian rare earths important to technology, defense and the global economy. However, the conversation quickly took a hostile turn: according to
sources, Trump pressured Zelensky to make a deal. Either you make a deal or we walk away. You're betting on World War III.
The meeting, which was also attended by Vice President J. D. Vance, quickly turned confrontational, with both leaders refusing to back down.
It's amazing what you can accomplish on emotion, Trump later wrote on the Truth Social website.

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Bank of America plans to launch its own stablecoin, CEO Brian Moynihan asks - The Daily Hodl - The Daily Hodl If it becomes legal, we're in business

Financial institutions like Bank of America will launch stablecoins. Legislation allowing them to do so is expected under U. S. President Donald Trump, a supporter of #cryptocurrencies who took office in January.
Moynihan says Bank of America coins pegged to the U. S. dollar will open up many possibilities.
The question of what it's for is going to be an interesting one.
He also emphasizes that recent technological advances, such as becoming the first U. S. bank to offer a mobile banking app for the iPhone, have changed the way Bank of America does business.
At the time, having an app was #rare . At that time, having an app was a rarity. People were looking at websites. That's how it came about. Now we have 40 million customers who use digital banking all the time.
In 2018, the bank also launched its artificial intelligence assistant, Erica.
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Amidst growing fears of stagflation in the US, inflation data is due to be released, including the Fed's "preferred" rate

Gold looks set to hit another all-time high, and the U. S. dollar will turn around after weeks of declines. #Bitcoin implied volatility has fallen to a #rare all-time high.
Bitcoin's implied volatility has fallen to a rare all-time high.
Analysts warn of trouble ahead as market sentiment worsens and network activity declines.
Bitcoin is poised to hit a new record high, according to Cointelegraph As data from Markets #Pro and TradingView shows, bitcoin has hovered in a narrow range since the Bybit hack last week, spoiling an attempted breakout.
However, the current liquidity situation in the order books of exchanges also shows that there is potential for a new breakout for both bulls and bears, CrypNuevo trader wrote in the February 23 thread X about his forecast for the coming week.
Probably more to the upside given that prices are in a LTF downtrend; $94.7k and $92.5k levels are key;
Another trader, Roman, is less optimistic and expects a return to the lower end of the multi-month trading range
attempts at growth have failed many times already, and there is not enough strength, he told subscribers.
Support at 90,000 seems to be approaching; a break of 98.4 and a close above it would invalidate it. The range is very narrow, so expect a quick move.
Meanwhile, on the weekly timeframe, trader Luca foresaw an upcoming test of bitcoin's bullish support #band .
This area, formed by two moving averages, is where BTC/USD has been acting as support since early October, when it reached an all-time high of $BTC Luca suggested that bitcoin is poised to rise again amid low interest rates, deteriorating sentiment and shrinking private investors.
US inflation indicators are putting pressure on risk assets, and markets are expecting the "last piece of the puzzle" this week.
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