'Investment Master' Buffett, Evaluation of 'Trump Tariffs'...Berkshire Shareholders Meeting 'Attention'
Summary
- Chairman Warren Buffett maintains a negative stance on President Trump's tariff policies.
- In the current situation of increased global economic uncertainty, Buffett's remarks are expected to serve as important reference material for investors.
- At the Berkshire shareholders meeting, Chairman Buffett is expected to express his views on tariff policies and market conditions.
'Investment Master' Warren Buffett, chairman of Berkshire Hathaway, is drawing attention for his views on President Donald Trump's tariff policies and their impact.
According to Berkshire on the 2nd, Chairman Buffett will answer shareholders' questions on various issues during the Q&A session of the shareholders meeting, which begins at 9 a.m. Eastern Time on the 3rd, along with Vice Chairman Greg, his designated successor, and Vice Chairman Ajit Jain, who leads the insurance division. In the afternoon session, only Chairman Buffett and Vice Chairman Greg will be the respondents.
Chairman Buffett secured management control of Berkshire, then a textile company, in 1965 and has led the company for 60 years until this year. Vice Chairman Greg, who was named as Buffett's successor following the passing of Charlie Munger, Buffett's longtime friend and business partner, in 2023, will sit next to Chairman Buffett at this year's event, as he did last year.
About 40,000 shareholders from the U.S. and around the world flock to Berkshire's shareholders meeting each year to hear the investment philosophy and thoughts on current issues of Chairman Buffett, who is called the 'Guru of Investing' and the 'Oracle of Omaha.'
With the global financial markets shaken by President Trump's reciprocal tariff announcement on the 2nd of last month and economic uncertainty greater than ever, Buffett's remarks have drawn increased attention from both shareholders and general investors.
Chairman Buffett has maintained a negative stance on the Trump administration's tariff policies until recently. In an interview with CBS in early March, he even described tariffs as a "certain act of war."
During the first Trump administration, when the U.S.-China trade war began, he warned that the imposition of tariffs could lead to negative outcomes in global trade tensions.
Chairman Buffett has refrained from making public comments on tariff policies and market conditions, stating that he would express his views on the day of the shareholders meeting.
Reporter Lee Song-ryeol, Hankyung.com yisr0203@hankyung.com
Korea Economic Daily
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