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Steve Maharey: In the shadow of Trump, NZ needs a new direction

  • Warren Buffett criticized punitive tariffs and protectionist trade policies during Berkshire Hathaway's annual meeting on May 3, 2025, in Omaha.
  • His remarks responded to recent market turmoil triggered by the Trump administration's high tariffs aimed at correcting trade imbalances and boosting domestic manufacturing.
  • Buffett cautioned that leveraging trade as a means of conflict endangers global economic well-being and emphasized the need for a cooperative approach amid widespread international tensions.
  • Although operating profit dropped by 14% and Berkshire maintained a prudent investment stance, its cash holdings soared to an unprecedented $347.7 billion by March 2025.
  • Buffett’s critique signals a need for balanced global trade and suggests Berkshire will maintain caution amid economic uncertainty and ongoing geopolitical challenges.
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Quartz broke the news in United States on Saturday, May 3, 2025.
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