Warren Buffett, 94, has denied social media posts after President Donald Trump shared a fan video that claimed the president is tanking the stock market on purpose with the endorsement of the legendary investor. Trump on Friday shared a bizarre social media video that defends his recent policy decisions by arguing that he is deliberately taking down the market as a strategic play to force lower interest and mortgage rates.
“Trump is crashing the stock market by 20% this month, but he’s doing it on purpose,” alleged the video, which Trump posted on his Truth Social account.
The video’s narrator then falsely states, “And this is why Warren Buffett just said, ‘Trump is making the best economic moves he’s seen in over 50 years.’”
Warren Buffett denies posts
Though Buffett didn’t single out any specific posts, his conglomerate Berkshire Hathaway outright rejected all comments claimed to be made by him.
“There are reports currently circulating on social media (including Twitter, Facebook and Tik Tok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” the company said in a statement Friday.
Buffett’s views on ‘tariffs’
While Buffett hasn’t spoken about this week’s imposition of hardline tariffs from the Trump administration, his views on such things have pretty much always been negative. Just in March, the Berkshire CEO and chairman called tariffs “an act of war, to some degree.”
“Over time, they are a tax on goods. I mean, the tooth fairy doesn’t pay ’em!” Buffett said in a news interview with a laugh. “And then what? You always have to ask that question in economics. You always say, ‘And then what?’”
Also Read: Trump’s Reciprocal Tariffs Take Effect India
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