Warren Buffett predicts the U.S. in addition to China will avoid a serious trade conflict.
“I don’t think either country will dig themselves into something in which precipitates in addition to continues any kind of real trade war,” he said at the Berkshire Hathaway 2018 annual shareholder meeting Saturday. “There will be some back in addition to forth, although from the end I don’t think we’ll come out using a terrible answer on This kind of.”
Buffett said This kind of was difficult politically to advocate for free trade as many of the benefits are spread across the whole population, while the negative effects “are very apparent in addition to painful” to parts of the country.
although he will be optimistic the two economic powers will figure This kind of out because the awful historic track record of previous trade wars.
“We’ve had in which from the past a few times, I think we learned a general lesson on This kind of,” he said. “This kind of’s just too big in addition to too obvious, the benefits are huge in addition to the earth’s dependent on This kind of in a major way for its progress in which two intelligent countries will do something extremely foolish.”