Omaha, Nebraska—U.S. billionaire investor Warren Buffett has cautioned against the use of trade as a weapon, emphasizing the importance of global prosperity for mutual benefit.
Speaking at Berkshire Hathaway’s annual shareholders meeting on Saturday, the chairman and CEO addressed concerns over rising tariffs and protectionist policies. “Trade should not be a weapon,” Buffett told thousands of attendees gathered in Omaha.
He expressed worries about the negative impact of such policies on international relations. “It’s a big mistake, in my view, when you have seven and a half billion people that don’t like you very well, and you’ve got 300 million that are crowing in some way about how well they’ve done—I don’t think it’s right, and I don’t think it’s wise,” he said.
Buffett highlighted the interconnectedness of the global economy, stressing that the prosperity of other nations can lead to benefits at home. “I do think that the more prosperous the rest of the world becomes, it won’t be at our expense. The more prosperous we’ll become, and the safer we’ll feel, and your children will feel someday,” he added.
The investment mogul’s comments come amid a backdrop of economic uncertainty for his conglomerate. Berkshire Hathaway reported a 14 percent decline in operating earnings for the first quarter of 2025, dropping to $9.64 billion. This figure includes over $700 million in foreign exchange losses.
In its quarterly earnings report released Saturday, the company cited ongoing global challenges. “Our periodic operating results may be affected in future periods by impacts of ongoing macroeconomic and geopolitical events, as well as changes in industry or company-specific factors or events,” the report stated.
Berkshire Hathaway noted an acceleration in the pace of changes, particularly concerning international trade policies and tariffs. “Considerable uncertainty remains as to the ultimate outcome of these events,” the company warned.
Buffett’s insights shed light on the broader implications of protectionist measures, especially for younger generations around the world. His emphasis on global cooperation echoes a growing sentiment that collaborative efforts are essential for sustained economic growth.
The annual meeting, often dubbed the “Woodstock for Capitalists,” attracts investors and enthusiasts eager to hear Buffett’s perspectives on finance and global affairs. This year, his message was clear: in an increasingly interconnected world, mutual prosperity is the key to a secure and thriving future.
