Warren Buffett warns the trade war will hurt America: 'Trade should not be a weapon'

Npr - May 3rd, 2025

Warren Buffett, during the Berkshire Hathaway annual shareholder meeting in Omaha, called for an end to the U.S. trade war, emphasizing that 'trade should not be a weapon.' Although he didn't directly mention President Trump, Buffett's comments were a clear critique of the current administration's trade policies that have caused global economic tension. The meeting also included the significant announcement of Buffett stepping down as CEO by year's end, with Greg Abel set to succeed him. This announcement was met with applause by the thousands attending the event, which is affectionately known as the 'Woodstock for Capitalists.'

Buffett's statements come at a time of growing concern among major U.S. companies over the tariffs' impact on the economy, with many revising financial forecasts. His influence in the financial world is vast, given Berkshire's diverse investments and ownerships, making his opinions particularly notable. By framing the trade issue as one of national security and mutual prosperity, Buffett reinforced his long-standing belief in the benefits of global trade. The event, marked by both business discussions and a celebratory atmosphere, highlighted Buffett's unique approach to corporate leadership and shareholder engagement.

Tariffs Berkshire Hathaway Warren Buffett U.S. Economy Trade War Greg Abel Shareholder Meeting

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RATING

7.2

Fair Story

Consider it well-founded

The article provides a clear and timely account of Warren Buffett's statements on trade policies and tariffs, reflecting his significant influence in the business world. It accurately conveys his perspective but would benefit from a broader range of viewpoints to enhance balance and depth. The reliance on Buffett's authority lends credibility, though additional sources could strengthen the story's reliability. The narrative is well-structured and accessible, engaging readers interested in economics and trade. However, the article's potential to provoke meaningful debate is limited by its focus on a single perspective. Overall, it effectively informs readers about a critical issue but could be more comprehensive in its exploration of the topic.

Accuracy

The story accurately reports on Warren Buffett's statements at the Berkshire Hathaway annual meeting, including his opposition to trade wars and emphasis on the benefits of global trade. The claim about Buffett's age and position as CEO of Berkshire Hathaway is correct. However, the article does not provide specific data to support the claim that tariffs have caused a sharp drop in Berkshire's quarterly profits. The story mentions Buffett's announcement of stepping down as CEO, which aligns with the information available. Overall, the article presents factual information, but some economic impacts mentioned, such as the effect of tariffs on profits, would benefit from additional data or sources.

Balance

The article primarily presents Warren Buffett's perspective on trade policies and tariffs, reflecting his influential position in the business world. While it provides a clear view of Buffett's stance, it lacks a broader range of perspectives, such as those from economists or policymakers who might support tariffs. The absence of opposing viewpoints or a deeper exploration of the rationale behind the tariffs results in a somewhat unbalanced presentation. Including more diverse opinions would enhance the article's comprehensiveness and neutrality.

Clarity

The article is well-structured and uses clear, accessible language. It effectively communicates Buffett's views and the significance of his statements within the broader context of the trade war. The narrative flows logically from Buffett's remarks to the reactions and implications, making it easy for readers to follow. However, some complex economic concepts could be further simplified or explained for a general audience.

Source quality

The article relies heavily on Warren Buffett's statements, which are credible due to his status and expertise. However, it lacks citations from additional authoritative sources, such as economists or trade experts, which could provide a more well-rounded view of the trade war's implications. The story would benefit from incorporating insights from other stakeholders affected by the tariffs to enhance its reliability and depth.

Transparency

The article clearly attributes statements to Warren Buffett and provides context about the annual meeting. However, it does not disclose the methodology behind the claims about the economic impact of tariffs on Berkshire Hathaway or the broader economy. Greater transparency in how these conclusions were reached, such as citing specific reports or data, would improve the article's credibility.