Warren Buffett Denies Trump's Claims of Endorsement Following Market Turmoil
Warren Buffett's firm refutes claims of his endorsement of Trump's tariffs and economic moves amid recent stock market declines.
The markets were sent spiraling after Wednesday's announcement that the U.S. was imposing a 10 percent "baseline" tariff on virtually all imports.
Trump shares video claiming he's crashing stock market on purpose
Newsweek·1M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.CenterThis outlet is balanced or reflects centrist views.The S&P 500 lost 6% Friday after China matched Trump’s big raise in tariffs announced earlier this week.
FACT FOCUS: Warren Buffett did not praise Trump's recent economic policies
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The problem, of course, is that we can watch the stock market; we can recognize who’s responsible for these massive losses; and we can’t help but notice that Trump is golfing instead of trying to clean up his mess.
As the stock market falls, Trump haunted by his discredited campaign promises
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Buffett has been in a defensive mode over the past year as he rapidly dumped stocks and raised a record amount of cash exceeding $300 billion.
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Trump's timing was especially provocative because his rollout of tariffs the previous day resulted in a multi-trillion dollar market wipeout.
Trump raises eyebrows by sharing video claiming he's 'purposely CRASHING the market'
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But after scrolling down Trump’s feed, I realized the markets actually aren’t supposed to “BOOM” — or at least, not yet.
Trump on Tariffs: Relax, I’m ‘Purposely Crashing the Market’
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Summary
Following President Trump's announcement of global tariffs, Warren Buffett's Berkshire Hathaway refuted social media claims suggesting Buffett endorsed Trump's economic policies. The company labeled these reports as false, specifically addressing a video shared by Trump on Truth Social claiming Buffett praised his economic moves. Despite the ongoing market downturn—triggered by the tariffs leading to a 6% drop in the S&P 500—Buffett stated he won't comment further on economic matters until after Berkshire Hathaway's annual meeting on May 3. Historically, Buffett has expressed cautious views on tariffs while maintaining distance from political endorsements.
Perspectives
Warren Buffett denied social media claims that he endorsed Trump's strategy of purposefully crashing the stock market, stressing that such reports are false.
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History
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