Warren Buffett, during Berkshire Hathaway’s annual meeting, addressed the ongoing debate over tariffs and trade wars. He emphasized that a prosperous global economy benefits the U.S., and turning the world against America could be detrimental. Buffett warned that tariffs can act as an ‘act of war,’ significantly impacting foreign countries and creating larger problems. He advocated for balanced trade, stating that the U.S. should focus on trading with the rest of the world and doing what it does best. His views align with other financial experts who caution against the risks associated with tariffs.
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