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on Truth Social that erroneously claimed legendary investor Warren Buffett praised his recent economic policies.Here’s a closer look at the facts.
CLAIM: Warren Buffett said President Donald Trump is “is making the best economic moves he’s seen in 50 years.”THE FACTS: This is false. Berkshire Hathaway, Buffett’s company,shortly after Trump posted the video, calling reports on social media attributing comments to Buffett “false.” Buffett told a reporter Friday that he won’t be commenting on the economy until Berkshire Hathaway’s annual meeting later this spring.
“There are reports currently circulating on social media (including Twitter, Facebook and TikTok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” reads the Berkshire Hathaway statement.The company did not specify which reports the statement was referring to and did not respond to requests for clarification.
the president shared, a voiceover states as it shows a clip of Buffett: “Trump is purposely crashing the stock market by 20% this month, but he’s doing it on purpose. And this is why Warren Buffett just said Trump is making the best economic moves he’s seen in over 50 years.”
The video’s audio comes from a March 13“This means China’s exports to the U.S. are set for further declines over the coming months, not all of which will be offset by increased trade with other countries. We still expect export growth to turn negative later this year,” Huang said.
Whatever the outcome of those discussions, the rapid increase in Chinese exports to other countries reflects a restructuring that began years ago but has gained momentum as Trump has raised barriers to exporting to the U.S.Global manufacturers have been looking for alternatives to a near total reliance on manufacturing in China after disruptions from the COVID-19 pandemic highlighted the need for more diverse options.
The need for more versatile supply chains grew more apparent as Trump hiked tariffs on Chinese exports during his first term in office. Most of those remained during former President Joe Biden’s term.Exports to the United States accounted for about a tenth of China’s total exports in April and the U.S. is still China’s largest single-country market. But the European Union and Southeast Asia are larger regional export markets.