Warren Buffett Criticizes Trump Tariffs as 'Big Mistake'

Warren Buffett, speaking at Berkshire Hathaway’s annual shareholder meeting, strongly criticized President Donald Trump’s use of tariffs, labeling them a 'big mistake' and warning against using trade as a weapon. Buffett argued that antagonizing the global community with protectionist policies is unwise, emphasizing the importance of balanced trade and mutual prosperity. He contended that the prosperity of other nations does not threaten the U.S., but rather contributes to global security and well-being. Buffett distinguished his past support for import certificates—which aimed to balance trade—from sweeping tariffs, reiterating that balanced trade benefits everyone. He also expressed optimism about America’s future, but cautioned that isolating itself through tariffs could undermine both its reputation and global stability.