Warren E. Buffett publicly addressed President Trump’s tariff policies during Berkshire Hathaway's annual shareholder meeting, asserting that trade should not serve as a weapon. He emphasized the importance of global trade efficiency, stating nations should specialize in what they do best. Buffett's comments came after months of silence regarding trade issues, amid declining earnings for Berkshire. The company reported a 14 percent drop in operating income and a massive decrease in net income, highlighting the turbulent market conditions influenced by America’s trade policies.
Trade should not be a weapon, Mr. Buffett said at Berkshire's annual shareholder meeting, a perennially popular event that has been nicknamed the Woodstock of capitalism.
We should do what we do best and they should do what they do best, he said, drawing applause.
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