World's richest man Warren Buffett criticizes Trump’s tariff policy
Says trade should not be used as a weapon: Warns of dollar's decline as global economy at risk
In a significant address at the annual Berkshire Hathaway meeting, Warren Buffett, the world’s richest person, harshly criticised US President Donald Trump’s tariff policy, describing the weaponization of trade as dangerous for global stability.
Buffett, known for his financial insights, warned that the U.S. dollar’s value might face a historic decline, which could jeopardise global economic stability. He emphasised, “No one would want to hold a currency that’s on the brink of destruction.”
The billionaire investor also highlighted the importance of reforming U.S. monetary policies, cautioning that failure to do so could lead to significant uncertainty in global markets. He stated that if American financial policies aren’t addressed, the worldwide economic landscape might fall into an unstable phase.
Buffett’s remarks reflect growing concerns about the long-term impact of current trade and monetary strategies, urging for immediate changes to ensure a balanced and stable international economy.