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Billionaire investor Warren Buffett likened tariffs to an "act of war" and said that over time they will act as a tax on goods.
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President Donald Trump was poised to impose 25% taxes on imports from Canada and Mexico Tuesday and to double to 20% his levies on Chinese products. All three countries — America's top trading partners — are threatening retaliation.
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Among 18F's many projects over the years was IRS Direct File, a free service that helps some taxpayers file tax returns online.
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"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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