Baft criticizes Trump's tariffs, says we should not use “trade as weapons”

Legendary investor Warren Textile On Saturday, it faced the tariffs of President Donald Trump and a aggressive way that the president has pulled out.

Baft, 94 years old, chairman and CEO Berkshire Hathaway, criticized Trump administration The use of tariffs as a business strategy, stating that the use of trade as “weapons” has weakened international relations and unstable global markets.

“Balanced trade is good for the world” and “trade should not be weapons,” Baft said at the annual meeting of Berkeshire Hathaya in Omaha, Nebraska.

Warren Buffett says tariffs are a “war operation”: “fairy tooth does not pay”

“I don't think it is a good idea for the design of a world that several countries say, hectares, we have won,” Buffet said. “I think the more the rest of the world becomes more prosperous … the more prosperous.”

Oracle Omaha emphasized the importance of balanced and mutual trade for all countries.

“In my opinion, it's a big mistake that you have 7.5 billion people who don't like you very well, and you have 300 million people who are busy on how to do them,” Buffet added.

“We have to look for business with other parts of the world. We have to do what we do and they have to do what they do,” he said.

Trump has argued that his tariffs are created by creating a more fair trade for the United States.

But despite concerns about the US and the country's own economy orientation, it maintained its traditional optimism and conforms to this period by criticizing the policies and the people they make.

“We are always changing,” he said. “I'm not discouraged … we are all very lucky.”

Warren Buffett, in the annual letter, success of Berkshire Hathavi

This is not the first time that the legendary investor has been raised against tariffs. In March, before the official Trump Tariff DeclarationBuffet said. Tariffs are “a part of the war,” and said: “The United States has a lot of experience with them.”

“Over time, they are taxes on the goods. I mean that fairy tooth does not pay!” Buffet joked. “And then what? You should always ask this question in the economy. You always say,” and then what? “

Berkeshire HathaviA huge holding company that owns or invests in dozens of well-known jobs including Geico, Dairy Queen, Apple, Coca-Cola and American Express, announced a significant decline in the first quarter's profit and $ 4.6 billion, $ 12.7 billion last year.

The company said operational revenue has also fallen 14 % to $ 9.6 billion, indicating unrealistic damages in stocks such as Apple, which is a major factor in South California's $ 860 million insurance.

The BNSF rail, which is a majority belonging to Berkshire, saw revenue improvement.

Berkeshire's cash stock rose from $ 334.2 billion at the end of the year. The company did not buy shares for a third quarter and was a net seller for a direct quarter.

Buffet reduced Berkshire's cash concerns and said the company had just spent $ 10 billion, but these shopping opportunities would not be regularly achieved. He said it should happen for more than five years, but it's not necessarily tomorrow.

Warren Buffett, in the annual letter, success of Berkshire Hathavi

The price of Berkshire's share has so far passed a turbulent period for markets, up 18.9 % this year, while 500 standards and Pour have decreased by 3.3 %.

As long as his health allows his health, he again emphasized his commitment to leading Berkshire. He said he continues to invest and has no plans for retirement.

Reuters was involved in this report.