Sunday 04/May/2025 – 12:40 AM
The American billionaire, Warren Buffett, who built the Hathaway Berkshire Group, the leading in several fields, the most prominent of which is the industry, which is valued at more than $ 1.16 trillion, announced that he is planning to step down as the company’s executive head at the end of this year.
Today, Saturday, during the annual meeting of the company’s shareholders in Omaha, Nebraska, Warren Buffett said that Greg Abel, Vice Chairman of Operations, except for insurance, will take over the group’s responsibility.
Customs duties should not be a weapon
In this regard, Warren Buffett criticized the policy of US President Donald Trump, the militant commercial, without calling it directly, saying that imposing punitive customs duties on the rest of the world is a big mistake, indicating that trade should not be a weapon
The legendary investor added that trade and customs fees may be a war action, explaining that the fees led to negative results, just as they resulted in negative positions in the United States.
And Abizaid: We should seek to trade with the rest of the world, do what we help, and do what they are good at.
