It's not galloping ahead. But Buffett says the slow pace of home construction remains puzzling because he expected more renters would be buying their first homes by now -- a decade after the recession. Buffett said inflation is clearly increasing, but he hasn't seen anything alarming at this stage. Berkshire's businesses have already seen some impact from the trade dispute with China, but so far some of the 10 per cent tariffs imposed on Chinese goods have been absorbed by businesses. Buffett says if tariffs are increased to 25 per cent, that would likely have a significant impact on prices and more businesses may decide to change suppliers.
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