Buffett warned about trading labels on trade deficients on a Fortun-Ed and proposed ‘Import certificates proposed in 2003, but should not be a trade weapon

• Berkshire Hathaway CEO Warren Buffett Asked about 2003 Fortune Op-ed, which called “Import Certificates” in trade deficiency. He admitted that the idea was “majestic”, but President Donald Trump’s aggressive tariffs are better than a trade situation.

Berkshire Hathaway Ceo Warren Buffett described the Op-E ed in 2003 Fortune Warning about trade shortages, but shareholders should not be used as a trade weapon on Saturday.

Although the comments, investors, exchange and foreign relations are not directly Trump or Azer Lifetime duties, President Donald Trump has taken the Big tariffs and aims to reduce the US trade deficiency.

In Op-ED, Buffett proposed as a way to trade instead of using “ICS) tariffs. During the annual meeting of Berkshire Hathaway, Buffett asked that import certificates were different from tariffs.

“It’s great, but it’s better than what I think we talked about it,” he said. Buffett responded. “And there is no question that trade may have a war movement and I think the bad things cause the evil, only the attitude.”

Import certificates, exporters to exports, “Buffettin wrote in Buffett’s Op-E. Then these exporters would sell certificates to international or local importers to international or local importers.

“Import $ 1 million goods, for example, the importer will need ICS with a side product of $ 1 million exports,” Buffett wrote. “Inevitable result: Trade balance.”

Saying “There should be no trade weapons,” he warned that the United States was a general winner while trading with the United States.

“The rest of the world is how prosperity, it will not be on our expenses,” he said. “How prosperity will be and you will feel and feel your children a day.”

He said that 250 years old trade beginnings are the foundation of economic success 25 years ago and the United States continues to trade.

“In the United States, I want to say that we must want to trade with the rest of the world and we must do our best,” Buffett said.

This story was first displayed Fortune.com

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