The businessman Warren Buffet estimated this Saturday, May 3 that “trade should not be a weapon”, criticizing the commercial war launched by Donald Trump from his return to the White House.
“There is no doubt” about the fact that playing trade, particularly through customs rights, “can be an act of war,” said Warren Buffett on Saturday at the general assembly of his conglomerate, Berkshire Hathaway.
Two months earlier, the investor had already issued similar comments during an interview with American television, and added that customs tariffs “constitute a property tax” and that “it is not the small mouse that pays them.”
The billionaire, who continues to direct his group at age 94, did not directly mention Donald Trump or his administration directly. But, according to him, Washington should “try to trade with the rest of the world.”
“A serious mistake” to attack China and the world
“We want a prosperous world” and go in this direction “will not (at) (at) of the United States, said Warren Buffet.
“It is a serious mistake, in my opinion, when you have seven billion thirty people who do not like much and that you have 300 million that boast in one way or another of their success,” said the investor.
On the other hand, according to Warren Buffett, the setbacks of the financial markets and the nervousness of investors against the commercial war and their reversions “really are nothing.”
On Saturday, Berkshire Hathaway reported a gain of $ 9.6 billion for the first quarter, in Reacio Neto (-14%). Informed by action and excluding exceptional elements, given the most examined in the market, it appears in 4.47 dollars, there decreases too clearly.
Warren Buffett managed to transform Berkshire Hathaway, a textile SMEs bought in the mid -1960s, into a gigantic conglomerate, now valued more than $ 1,000 billion and currently has a cash flow of more than $ 300 billion.
Source: BFM TV
