Buffett Criticizes Tariffs: Trade Shouldn't Be Used as a Weapon

» Published: May 03 2025

Buffett Criticizes Tariffs: Trade Shouldn't Be Used as a Weapon
Photo: Nati Harnik/AP/TT

Share this article

Financial guru Warren Buffett has for the first time commented on Donald Trump's trade tariffs. The 94-year-old mentions not the American president by name, but is negatively inclined.

Trade should not be used as a weapon. We, the USA, have already won. We started from zero and have become a major power factor, says Buffett at his conglomerate Berkshire Hathaway's annual meeting.

Buffett says further at the meeting, which every year attracts thousands of people to Omaha in Nebraska, that tariffs and trade can be used as "acts of war".

And it has led to bad things. The attitudes it has brought forth. We, the USA, should trade with all countries and do what we are best at, just as they should do what they are best at.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

EU Fines Google 33.9 Billion Kronor for Ad Service Favoritism
1 MIN READ

EU Fines Google 33.9 Billion Kronor for Ad Service Favoritism

US Job Market Slows with Only 22,000 New Jobs in August
2 MIN READ

US Job Market Slows with Only 22,000 New Jobs in August

Tesla Board Proposes New Bonus Plan for Elon Musk
1 MIN READ

Tesla Board Proposes New Bonus Plan for Elon Musk

13 Suspected of Insider Trading After Dawn Raid
1 MIN READ

13 Suspected of Insider Trading After Dawn Raid

18 Charged in Major Insider Trading Case in Sweden and Norway
1 MIN READ

18 Charged in Major Insider Trading Case in Sweden and Norway

Skandiabanken Offers Lowest Mortgage Rates in August
1 MIN READ

Skandiabanken Offers Lowest Mortgage Rates in August

Stockholm Stock Market Rises for Third Consecutive Day
1 MIN READ

Stockholm Stock Market Rises for Third Consecutive Day

Danish Energy Giant Ørsted Lowers Profit Expectations for This Year
1 MIN READ

Danish Energy Giant Ørsted Lowers Profit Expectations for This Year

Foreign Ownership Boosts Swedish Economy with Productivity Growth
1 MIN READ

Foreign Ownership Boosts Swedish Economy with Productivity Growth

Calm Housing Market Spurs Speculator Interest
2 MIN READ

Calm Housing Market Spurs Speculator Interest

Asian Stock Markets Rise Amid US-Japan Tariff Agreement
1 MIN READ

Asian Stock Markets Rise Amid US-Japan Tariff Agreement

USA and Japan Reach New Trade Agreement on 15% Tariffs
1 MIN READ

USA and Japan Reach New Trade Agreement on 15% Tariffs

Activity Toys Pose Serious Injury Risks for Children in EU Survey
1 MIN READ

Activity Toys Pose Serious Injury Risks for Children in EU Survey

Hexagon Sells Software Business for 30 Billion Kronor
1 MIN READ

Hexagon Sells Software Business for 30 Billion Kronor

US Stock Market Sees Broad Gains Amid Labor Market Weakness
1 MIN READ

US Stock Market Sees Broad Gains Amid Labor Market Weakness

Ørsted Sues Trump Administration Over Halted US Wind Project
1 MIN READ

Ørsted Sues Trump Administration Over Halted US Wind Project

US Private Sector Adds 54,000 Jobs in August, Below Expectations
1 MIN READ

US Private Sector Adds 54,000 Jobs in August, Below Expectations

Goldman Sachs: Fed Uncertainty Could Propel Gold Prices
1 MIN READ

Goldman Sachs: Fed Uncertainty Could Propel Gold Prices

Food Chains in Sweden Promise Price Cuts with VAT Reduction
3 MIN READ

Food Chains in Sweden Promise Price Cuts with VAT Reduction

Experts Criticize Halving Food VAT as Ineffective and Costly
2 MIN READ

Experts Criticize Halving Food VAT as Ineffective and Costly