At the annual meeting of Berkshire Hathaway shareholders on May 3, 2025, in Omaha, Nebraska, legendary investor Warren Buffett expressed concern about U.S. trade policy. He warned against using trade as a 'weapon,' criticizing the harsh tariffs imposed by President Donald Trump, which he said could lead to global instability. 'Trade should not be a weapon,' Buffett emphasized, adding that the prosperity of the world contributes to the prosperity of the U.S., and protectionism can have negative consequences.
Buffett, who announced his resignation as CEO of Berkshire Hathaway at the end of the year, handing over the reins to Vice Chairman Greg Abel, emphasized the importance of balanced trade. He noted that aggressive tariffs could be perceived as an 'act of war' that threatens economic stability. Under his leadership, the company reached a market capitalization of $1.16 trillion, but Buffett expressed concerns about the future due to political uncertainty.
This statement resonated widely among investors, as Buffett is known for his globalist approach. Stay tuned for news on the economy and finance, subscribe to #MiningUpdates to stay updated!