Warren Buffett says U.S. shouldn't use "trade as a weapon," as Trump has done with tariffs

Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn't use "trade as a weapon" and anger the rest of the world like President Trump has done with his tariffs that roiled global markets.

"It's a big mistake in my view when you have 7.5 billion people who don't like you very well, and you have 300 million who are crowing about how they have done," Buffett, 94, said as he addressed the topic on everyone's mind at the start of the shareholders meeting.

While Buffett said it is best for trade to be balanced between countries, he doesn't think Mr. Trump is going about it the right way with his widespread tariffs. He said the world will be safer if more countries are prosperous.