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Home / Business / Warren Buffett is unimpressed by the news of the deteriorating trade talks between the US and China

Warren Buffett is unimpressed by the news of the deteriorating trade talks between the US and China



"We're buying the same stocks we bought last week," billionaire Warren Buffett said on CNBC Monday morning. "We buy them because they will be a good deal in 10 years."

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;sm" type = "text" content = "In front of the open market on Monday were the Dow futures dropped by more than 500 points (YM = F) after President Donald Trump massively enacted the threat of President Donald Trump for tariffs on hundreds of billions of Chinese goods. "Data-reactid = "16"> In front of the open market on Monday, the Dow futures had fallen more than 500 points (YM = F) after President Donald Trump demanded the threat of President Donald Trump massive tariffs on hundreds by states to transpose Chinese goods worth billions of dollars.

While Buffett admits that tensions between the US and China – the world's two largest economies – are "bad for the world," he is optimistic that the two will make a difference. 19659003] "I think China and the United States are absolutely the superpowers that go beyond the lives of my great-grandchildren and will always be competitors," said Warren Buffett in an interview with Yahoo Finance. "All we have to do is make sure that competition does not get us to a point where we do not realize that the best world is one in which both the United States and China prosper."

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks during a game bridge after the Annual Stockholders' Meeting of Berkshire Hathaway at Omaha, Neb., Sunday, May 5, 2019. (AP Photo / Nati Harnik)

During the Yahoo finance experts in Omaha on Friday, entrepreneurs and experts shared Buffett's optimism. And despite the rocky talks, they were encouraged because the two countries engaged each other.

"There was not really a great mechanism for the two countries to discuss issues," said Beijing University Professor Jeffrey Towson at the forum. "I believe that over the past year we have seen the two countries learning for the first time to talk about important issues together. And I think that will remain so for the rest of our lives that these two countries will learn to deal with their problems. "

At the moment investors and traders have to deal with some bumps.

"I do not think conflict is inevitable," Buffett told Yahoo Finance, warning that conflicts in the past sometimes turned into wars.

"You just have to make sure that things do not escalate."

2019 Berkshire Hathaway Stockholders' Meeting

<p class = "Canvas Atomic Canvas Text Mb 1.0em) Mb (0em) Mb (0) –sm Mt (0.8em) – sm "type =" text "content =" Sam Ro is Editor-in-Chief at Yahoo Finance Follow him on Twitter : @SamRo "-reactid =" 49 "> Sam Ro is Senior Editor at Yahoo Finance. Follow him on Twitter : @SamRo

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