Warren Buffett, legendary investor and executive director of Berkshire Hathaway, warned on Saturday that the use of trade as a confrontation tool can bring in reverse results on the United States, with a focus that trade must enhance cooperation, not conflict.
Buffett told the shareholders at the annual Hathaway meeting in Omaha, Nebraska, in widespread notes as veiled criticism of the aggressive tariff policies of former President Donald Trump.
While avoiding the direct signal of Trump, Buffett indicated that trade has the ability to become a form of war, echoing fears of economists and analysts about the impact of definitions on global economic growth.
This is not the first time for Bavate that express doubts about the definitions. In an interview with CBS two months ago, he rejected the idea that the customs tariff was a painful source of revenue, saying: “It is a tax on goods … not paid by teeth!”
Now 94, Pavit urged policy makers to stay open to world trade, confirming the mutual benefits of specialization: “We must do what we do better and they should do what they do better. This is what we did in the original.”
It has retracted the idea that global prosperity comes at the expense of America, on the pretext that the high global wealth makes the United States stronger and safe.
He said: “I think that the more researchers, the more we are – and the more secure we are.” He also warned of the danger to alienate the international community while celebrating the national dominance: “It is a big mistake when 7.5 billion people feel worship, and 300 million boasts of their success.”
Pavite reduced the upcoming market fluctuations as it was trivial compared to the broader geopolitical dynamics.
On the corporate front, Berkshire Hathaway recorded a 14 % decrease in the profits of the first quarter, with a total of $ 9.6 billion or $ 4.47 per share.
Buffett acquired Berkshire in the 1960s when it was a modest textile company and built it in a trillion dollar group with more than $ 300 billion of cash reserves. He is famous for his sharp visions and clear pronunciation wisdom.
