Buffett denies endorsing Trump's market tactics, refuting claims of intentionally crashing market
From CNBC: 2025-04-04 13:32:00
Warren Buffett denies claims made on Truth Social that he endorsed Trump’s stock market tactics. The video shared by Trump suggests he is purposely crashing the market to lower rates. Buffett’s company, Berkshire Hathaway, refutes these claims and states all reports of his comments are false.
Trump shared a video from a pro-Trump account on Truth Social, which was a repost from TikTok. Buffett has not commented on Trump’s tariffs but has previously called them a “tax on goods.” Buffett has warned of negative consequences from trade wars and has been defensive in his investments recently, focusing on cash reserves.