Warren Buffett at a press conference during the Berkshire Hathaway shareholders’ meeting on April 30, 2022.
CNBC
Legendary investor Warren Buffett Make a rare comment on the president Donald Trump Prices, saying that punitive tasks could trigger inflation and harm consumers.
“The prices are in fact, we have had a lot of experience with them. They are an act of war, to a certain extent,” said Buffett, whose conglomerate Berkshire Hathaway Has large companies in insurance, railways, manufacturing, energy and retail. He made the comments In an interview with CBS News’ Norah O’Donnell For a new documentary on the Washington Post editor, Katharine Graham.
“Over time, they are a tax on the goods. I mean, the fairy of the teeth does not pay them!” Said Buffett laughing. “And then what? You should always ask this question in economics. You always say:” And what? “”
This marks the first public remark of “the Oracle d’Omaha”, 94 years old, on Trump’s trade policies. Last week, Trump announced that 25% 25% prices on imports from Mexico and Canada will come into force on March 4 and that China will be invoiced an additional 10% tariff on the same date. China has promised to retaliate.
During the first term of Trump, the president and CEO of Berkshire was heard at length in 2018 and 2019 About the commercial conflicts that have broken out, warning that the aggressive movements of the Republican could cause negative consequences worldwide.
Asked about the current state of the economy by CBS, Buffett refrained from commenting on it directly.
“Well, I think this is the most interesting subject in the world, but I won’t talk, I can’t talk about it, however. I really can’t,” said Buffett.
Buffett has been in defensive mode in the past year while it quickly dropped shares and increased a cash record amount. Some read the conservative movements of Buffett as a lowering of the market and the economy, while others think that he is preparing the conglomerate for his successor by evaluating the disproportionate positions and reinforcing money.
The volatility of the market has increased lately, when concerns have developed concerning a slowed economy, the unpredictable policy changes of Trump as well as the overall evaluations of actions. The S&P 500 is up to only 1% this year.
