U.S. billionaire investor Warren Buffett sent a clear message at Berkshire Hathaway's annual shareholders meeting in Omaha, Nebraska, warning that trade should not be used as a weapon. He cautioned against tariffs and protectionism, emphasizing that these measures can harm everyone in the long run.
Buffett’s colorful remark was simple yet profound: "Trade should not be a weapon." He explained that relying on tariffs—especially when facing a global market where 7.5 billion people might oppose you while 300 million cheer—is not wise. Instead, he believes that a prosperous world benefits us all.
As he continued, Buffett stressed that when the rest of the world thrives, it creates a win-win situation. A globally prosperous environment makes communities safer and strengthens the future for the next generation 🌍.
On a tougher note, Berkshire Hathaway reported a 14% decline in operating earnings for the first quarter of 2025, dropping to $9.64 billion and suffering over $700 million in foreign exchange losses. The company noted that future operating results may be influenced by ongoing macroeconomic shifts, geopolitical events, and evolving international trade policies.
This reminder from Buffett encourages us to rethink protectionism in favor of global cooperation, delivering a timely message to young investors, professionals, and curious minds in today's dynamic world.
Reference(s):
cgtn.com
