The first question Warren Buffett took on Saturday was, predictably, about tariffs.
“Trade should not be a weapon,” Buffett said.
“The United States, we’ve won. We’ve become an incredibly important country, starting from nothing. And it’s a big mistake, in my view, when you have 7.5 billion people that don’t like you very well and 300 million that are crowing in some way about how well they’ve done.”
In an interview earlier this year, Buffett said tariffs can be an act of economic war. Buffett reiterated these comments on Saturday, saying: “Trade can be an act of war. And I think it’s led to bad things.”
Asked about his 2003 plan to create “import certificates” that would reimagine how trade is accounted for, Buffett said the goal was simply to find a way to balance trade around the world.
Though as Buffett noted, his longtime partner Charlie Munger considered the idea somewhat of a gimmick.
“Don’t expect my import certificate idea to go down with Adam Smith’s ‘Wealth of Nations,’” Buffett said.
发表回复