- Berkshire Hathaway CEO Warren Buffett He was asked about 2003 luck The opening is where he called for “import certificates” to curb the trade deficit. He admitted that the idea was a “way to circumvent”, but it is better than the current situation of trade, referring to President Donald Trump’s aggressive tariff.
Warren Buffett, CEO of Berkshire Hathaway, was asked about the 2003 offer he wrote luck A warning of the trade deficit, but he told the shareholders on Saturday that trade should not be used as a weapon.
The comments come at a time when investors sought to obtain the aggressive presidential tariff that aims to reduce the American trade deficit, although he did not address Trump directly or his duties “Tahrir’s Day”, which slipped in the stock market and tension in foreign relations.
In his article, Pavite suggested “ICSS” as a way to balance trade instead of using definitions. During the annual meeting of Hathaway, Pavite was asked whether he believed that import certificates are distinct from the definitions.
“It is vital, but it is definitely better than anything I think we are talking about now.” Pavit replied. “There is no doubt that trade can be a war of war, and I think it has led to bad things, just the position he brought out.”
Buffett wrote in the introduction: “With an amount equal to the value of the dollar for its exports.” These sources will be able to sell their certificates to international or local exporters.
“To import a million dollars of goods, for example, the importer will need ICS, which was a secondary result of a million dollars of exports,” Pavit wrote. “The inevitable result: commercial balance.”
On Saturday, he warned that “trade should not be a weapon,” adding that the United States was generally winning while trading with the world.
“The more the rest of the world becomes more prosperous, it will not be at our expense,” said Buffett. “The more prosperous, the more safely we feel and your children will feel one day.”
He also pointed to the beginnings of America, which has been based on trade about 250 years, saying that it is still the cornerstone of economic success and the United States should continue to trade.
“In the United States, I mean, we must look forward to trading with the rest of the world and we have to do what we do better,” said Buffett.
This story was originally shown on Fortune.com
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