Warren Buffett knocks tariffs and protectionism: 'Trade should not be a weapon'
Publishing timestamp: 2025-05-03 10:51:37
Summary
Warren Buffett criticizes President Trump's trade policy, saying it's a mistake to impose punitive tariffs on the rest of the world. He believes trade should not be used as a weapon and that protectionist policies could have negative consequences for the US in the long term. Buffett's comments came after the White House's rollout of high tariffs on imports, causing volatility on Wall Street. Berkshire Hathaway, led by Buffett, has been selling stocks for 10 straight quarters, resulting in a record cash pile of $347 billion.
Sentiment: NEUTRAL
Keywords: donald trump, wall street, investment strategy, berkshire hathaway inc, markets, breaking news: investing, business news, stock markets, breaking news: markets, donald j. trump, breaking news: business,