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A 25% tariff on imported auto parts is now in effect.
President Trump has offered automakers a partial reprieve from them,
but the tariffs are still expected to have a major impact on the auto industry.
Wall Street waiting for Warren Buffett to weigh in on tariffs.
NPR's Maria Aspen reports that Berkshire Hathaway's CEO is hosting his annual shareholder meeting this morning in Omaha. 60 years after he bought Berkshire Hathaway,
way,
billionaire Warren Buffett is one of the most successful and closely watched investors in the world.
His company operates all kinds of businesses from Dairy Queen to Geico Insurance,
and it owns shares in some of the largest U.S. companies.
So Buffett has had a front row seat to all of the financial turmoil this spring,
sparked by President Donald Trump's sweeping new tariffs.
Many big companies are withdrawing their financial forecasts for this year, citing the tariffs.
Now tens of thousands of Berkshire shareholders have traveled to Omaha to hear directly from its CEO.
Buffett, who is 94, has promised to answer questions for more than four hours on Saturday morning.