Warren Buffett Warns Trump Tariffs May Harm Economy

At Berkshire Hathaway's annual shareholder meeting, Warren Buffett strongly criticized the use of tariffs as a tool in U.S. trade policy, indirectly targeting former President Donald Trump's aggressive tariff strategies. Buffett contended that turning trade into a weapon is a significant mistake, warning that such protectionist measures could alienate the global community and ultimately harm America's long-term prosperity. He emphasized the benefits of open trade, stating that the U.S. should focus on doing what it does best and promote mutually beneficial exchange with other nations. Recent steep tariffs on Chinese goods and subsequent retaliatory measures have heightened economic uncertainty, as reflected in Berkshire's record cash reserves and cautious investment approach. Buffett highlighted that current global tensions and policy missteps are creating a riskier environment for investors and the broader economy. He believes that prosperity abroad should be seen as a win-win rather than a zero-sum game, cautioning that escalating trade conflicts may undermine America's economic leadership.