Buffett warned about trade deficits in a 2003 Fortune op-ed and proposed ‘import certificates’ but says trade should not be a weapon

Quick Summary:

"It’s gimmicky, but it’s certainly a lot better than anything I think we’re talking about now,” Buffett said of his idea.

He also referenced America's trade-reliant beginnings some 250 years ago saying they are still a cornerstone of economic success and the U.S.should continue to trade.“In the United States, I mean, we should be looking to trade with the rest of the world and we should do what we do best,” Buffett said.

"The more prosperous the rest of the world becomes, it won't be at our expense," Buffett said.

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Article Details

Author / Journalist: Stuart Dyos

Category: EconomyBusiness

Markets: United States

Topics: Warren Buffett

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 15:54:40 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 88 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28336372

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Official Website: fortune.com

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