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Tariffs And DOGE
The first question of the day was about tariffs. Buffett did not directly answer the question, but said, “You can make some very good arguments for the fact that balanced trade is good for the world.” He continued, “There is no question that trade can be an act of war.” Buffett stated that more trade is better and that “Trade should not be a weapon.”
In response to a question about his views on DOGE, Buffett again spoke in more general terms. He said, “The problem of how you control revenue and expenses in government is one that is never really solved, and is one that has hurt many civilizations.”
Regarding the US’s enormous fiscal deficits, he noted that “We are doing something that is unsustainable.” Buffett said that the job of reducing costs “should be done.”
