Berkshire’s Warren Buffett Says Trade Can Be an ‘Act of War’

Berkshire Hathaway Chief Executive Officer Warren Buffett addressed US President Donald Trump’s tariff policies at the company’s annual meeting in Omaha, saying trade “should not be a weapon.”

“You can make some very good arguments for the fact that balanced trade is good for the world,” Buffett said in response to a question about trade barriers. “There is no question that trade can be an act of war.”

He added that the US “should be looking to trade with the rest of the world.”

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The conglomerate commented on tariffs ...