Subject: Re: Berkshire and Tariffs
If the tariffs announced this morning stay as published, in a few weeks or a couple of months everybody will have adjusted and accommodated to them. Things will shake up then settle down.

It should be noted that according to the textbooks, big tariffs should (rather obviously) be bad for the US economy because it hurts purchasing power like any big new sales tax, but actually bullish for the dollar. Today's remarkable weakness might not last.

Jim