Warren Buffett came to the record Friday to deny social media posts after President Donald Trump shared a true Social A fan video.
Trump shared an eccentric social media video Friday defending his recent policy decisions by claiming he was deliberately beating the market as a strategic play to force lower interest and mortgage rates.
“Trump has crashed the stock market by 20% this month, and he’s doing it on purpose,” Trump allegedly posted a video on his true social account.
The video’s narrator said, “This is why Warren Buffett said, “Trump is at the best economic move I’ve seen in over 50 years.” “He says.
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The president shared a link to an X post from Account @Americapapabear, the self-proclaimed “Trumper to the End.” The X Post itself appears to be a repost of a Tiktok video a week ago from user @wnnsa11. The video has been shared over 2,000 times on Strut Social and nearly 10,000 times on X.
Buffett, 94, did not make certain posts single, but his conglomerate Berkshire Hathaway completely rejected all comments allegedly made by him.
“There are reports currently in circulation on social media (including Twitter, Facebook and Tik Tok) about comments allegedly made by Warren E. Buffett. All such reports are false,” the company said in a statement Friday.
CNBC’s Becky Quick told Buffett about the statement Friday, and he said he wanted to defeat the false information in an age where false rumors can explode instantly. Buffett told Quick that he would not provide commentary on markets, economics or tariffs between the current May 3rd and Berkshire’s annual meeting.
“Tax on products”
Buffett has not spoken about the imposition of tariff wipeouts from the Trump administration this week, but his view on such matters has always been negative. Just in March, Berkshire’s CEO and chairman called tariffs “a certain act of war.”
“As time goes by, they’re taxes on goods, meaning the tooth fairies aren’t paying!” Buffett said with a laugh in a news interview. “And what? You always need to ask that question in economics. Do you always say, ‘And what?’ ”
During Trump’s first term, Buffett gave lengthy opinions in 2018 and 2019 on trade disputes that warned that the Republican aggressive move could have negative global outcomes.
“If we’re actually in a trade war, it’s going to be bad for the whole world… everything’s going to cross over in the world,” Buffett said in a 2019 interview with CNBC.
Buffett has been in defensive mode as he has quickly dumped stocks over the past year and raised record cash in excess of $300 billion. His conglomerate has a major US focus, with large companies in insurance, railroads, manufacturing, energy and retail.
