Warren Buffet.. yesterday:
“Trade should not be a weapon,” Buffett said. He also said that “trade could be an act of war.”
“The United States won. I mean, we have become an incredibly important country, starting from nothing 250 years ago, there’s nothing that anything like it,” Buffett said.
Buffett drew applause when he added: “(America) should do what we do best and they should do what they do best.”
Throughout the earnings release, the company warned that tariffs made its outlook uncertain. Berkshire released its quarterly report, where it said tariffs could have a negative impact on its growth.