Puffett says Trump’s tariff, and tells us that we should not use “trade as a weapon”

Legendary Warren Buffett He started against President Donald Trump’s tariff on Saturday and the noisy way directed by the president.

Buffett, 94, Chairman and CEO of Berkshire Hathaway, criticized Trump administration The use of definitions as a commercial strategy, on the pretext that the employment of trade as a “weapon” has found international relations and destabilizing global markets.

“The balanced trade is good for the world” and “trade should not be a weapon.”

Warren Buffett says that customs duties are an economic “war”: “Tooth Fairy does not pay” EM “

“I don’t think it is good to design a world in which some countries say, ha ha ha, we have won,” Buffett added. “I think the more the rest of the world becomes more prosperous, the more prosperous we are.”

Oracle Omaha emphasized the importance of balanced and beneficial trade for all countries.

“It is a big mistake in my opinion when you have 7.5 billion people who do not like you well, and you have 300 million people who are struggling about how to do it.”

“We must look to trade with the rest of the world. We must do what we do better and they should do what they do better,” he said.

Trump argues that his definitions are driven by making trade more fair to the United States.

But despite concerns about the direction of the American economy and the country itself, Pavite kept his traditional optimism, saying that criticism of the policies and people who make them equally.

“We are always in the process of change,” he said. “I will not be frustrated … We are all very lucky.”

Warren Buffett, in an annual message, tells the success of Berkshire Hathaway

This is not the first time that the legendary investor has set out against definitions. In March, the Trump official accepted The tariff announcementHe said a buffet. The definitions are “a somewhat war” and noticed that the United States has a lot of experience with them.

“Over time, it is a tax on the goods. I mean, the teeth does not pay!” Pavit joked. “Then what? You always have to ask this question in the economy. You always say, and what?”

Berkshire HathawayA huge holding company that owns or invests in dozens of well-known companies including GEICO, Dairy Queen, Apple, Coca-Cola and American Express, a significant decrease in profits in the first quarter, and got $ 4.6 billion, a decrease of $ 12.7 billion in the previous year.

The company said the operating profits also decreased by 14 % to 9.6 billion dollars, which reflects unrealized losses such as Apple, with $ 860 million of insurance losses from Southern California fires is a major worker.

BNSF RAILROAD, owned by the majority of Berkshire, has seen profit improvements.

Berkchire’s cash share grew from $ 334.2 billion at the end of the year. The company did not return any share for the third quarter in a row and was a net seller for shares for the tenth quarter in a row.

Puffett has reduced concerns about Berkshire’s money, saying that the company “approached” recently spending $ 10 billion, but the opportunities for purchase do not come in an organized manner. He said this should happen over five years, but not necessarily tomorrow.

Warren Buffett, in an annual message, tells the success of Berkshire Hathaway

Berkshire’s share price has succeeded in a turbulent period so far for markets, as it increased by 18.9 % this year, while Standard & Poor’s 500 decreased by 3.3 %.

Buffett reaffirmed his commitment to the leadership of Berkshire as long as his health is healthy. He said he continues to enjoy investment and has no retirement plans.

Reuters contributed to this report.