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Fortune
Fortune
Stuart Dyos

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

Warren Buffett Donald Trump Berkshire Hathaway Fortune
Berkshire Hathaway CEO Warren Buffett at the 'Becoming Warren Buffett' World Premiere (Credit: Jamie McCarthy—Getty Images)
  • Berkshire Hathaway CEO Warren Buffett was asked about his 2003 Fortune op-ed where he called for “import certificates” to rein in trade deficits. He admitted the idea was “gimmicky,” but it’s better than the current state of trade, alluding to President Donald Trump's aggressive tariffs.

Berkshire Hathaway CEO Warren Buffett was asked about a 2003 op-ed he wrote in Fortune warning about trade deficits, but told shareholders on Saturday that trade shouldn’t be used as a weapon. 

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