Buffett criticizes Trump's tariffs rollout, says US shouldn’t use 'trade as a weapon'
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Warren Buffett, 94, criticized President Trump's tariffs during Berkshire Hathaway's annual meeting on May 3, 2025, in Omaha, Nebraska, attended by 40,000 people including Hillary Clinton; Buffett argued that using trade as a 'weapon' harms international relations and destabilizes markets; he emphasized that balanced trade benefits all countries and warned against creating a world where only a few countries prosper; Buffett's comments reflect ongoing concerns about U.S. economic policies; Berkshire Hathaway reported a decline in first-quarter profits to $4.6 billion from $12.7 billion the previous year, with operating earnings down 14% to $9.6 billion; Buffett remains optimistic about investing and has no plans to retire.
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