Warren Buffett went to the record on Friday to deny the publications of social networks after President Donald Trump shared a video of fans in Truth socially who said that the president is bewitching the stock market on purpose with the support of the legendary investor.
Trump shared an extravagant video of social networks on Friday that defends his recent political decisions by arguing that he is deliberately knocking out the market as a strategic game to force interest rates and lower mortgages.
“Trump is colliding the stock market by 20% this month, but he is doing it on purpose,” said the video, which Trump published in his real social account.
The video narrator then declares falsely: “And that is why Warren Buffet has just said: ‘Trump is doing the best economic movements he has seen in more than 50 years.'”
The president shared a link to a publication X of the @americapaPabar account, a “Trumper until the end” self -written until the end. “The publication X itself seems to be a repostation of a Tiktok video of a few weeks of the user @WNNSA11. The video has been shared more than 2,000 times in social truth and almost 10,000 times in X.
Buffett, 94, did not select any specific publication, but his conglomerate Berkshire Hathaway completely rejected all the comments affirmed by him.
“There are currently reports that circulate on social networks (including Twitter, Facebook and Tik Tok) regarding the comments allegedly made by Warren E. Buffett. All these reports are false,” said the company in a statement on Friday.
Becky Quick of CNBC spoke with Baffett on Friday about this statement and said he wanted to eliminate erroneous information at a time when false rumors can be exploited instantly. Buffett told Quick that he will not make any comments related to markets, economy or tariffs between now and Berkshire’s annual meeting on May 3.
Although Buffett has not talked about the imposition of this week of radical tariffs of the Trump administration, his opinion on such things has always been negative. Just in March, the CEO and president of Berkshire called the tariffs “an act of war, to some extent.”
“Over time, they are a tax on goods. I mean, the fairy of the tooth does not pay them!” Buffett said in the news interview with a laugh. “And then what? You always have to ask that question in economics. You always say: ‘And then what?'”
During Trump’s first mandate, Buffett said extensively in 2018 and 2019 about the commercial conflicts that exploded, warning that the aggressive movements of the Republican could cause negative consequences worldwide.
“If we really have a commercial war, it will be bad for everyone … everything crosses the world,” Buffett said in a CNBC interview in 2019. “A world that adapts to something very close to free trade … More people will live better than in a world with significant rates and changing rates over time.”
Buffett has been defensive during the past year, since he quickly showed shares and raised a record amount of cash exceeding $ 300 billion. Its conglomerate has a great approach in the United States and has large businesses in insurance, railways, manufacturing, energy and retail sale.
