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.