Berkshire Debunks Viral Clip Claiming Warren Buffett Praised Trump Tariffs As 'Best Economic Moves' In 50 Years

Berkshire Hathaway has dismissed all the social media buzz about Warren Buffett’s comments on the economy after Donald Trump shared a video on Truth Social showing the billionaire investor endorsing the U.S. president’s economic policies.

Last week, Trump shared a video posted by a user named AmericanPapaBear that said that Trump was deliberately “crashing” the stock markets to force the Federal Reserve to trim the interest rates and make stocks affordable for investors.

The video also said that Trump’s economic moves were the best Buffett had seen in the last 50 years.

Buffett also told CNBC that he would not be speaking to anyone about the economy or tariffs till Berkshire’s annual shareholder meeting in May.

Buffett, arguably the most popular investor on Wall Street, is often the subject of rumors with inaccurate claims about his investment advice or endorsement of political candidates.

The 94-year-old did not endorse any of the presidential candidates last year after several claims surfaced regarding his support.

Berkshire shares have gained 8.4% year-to-date (YTD) compared with a 13.5% decline in the S&P 500 index.

The Omaha-based company had a record $334 billion in cash at the end of 2024.

Retail traders on Stocktwits praised the billionaire investor for the conglomerate’s enormous cash pile.  

Global markets, meanwhile, continued their slide on Monday as Trump’s tariff policies kicked in and fears of a full blown economic crisis mounted.

Also See: Apollo Commercial In Spotlight After Keefe Bruyette Upgrades Stock, Retail Yet To Notice

For updates and corrections, email newsroom[at]stocktwits[dot]com.