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

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

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Buffett, who stays away form commenting on anything political, had also addressed the issue in his annual letter.

The Tooth Fairy's generosity is fading, with the average gift for a lost tooth dropping 14% over the past year, according to ...

Legendary Berkshire Hathaway CEO Warren Buffett likened tariffs to an economic "act of war" in an interview with CBS News and said that tariffs ultimately serve as a tax on goods.