U.S.-China Trade War Would Be 'Bad For The Whole World'
According to Reuters, Warren Buffett said on Monday that a trade war between the United States and China would be “bad for the whole world.”
Buffett spoke after U.S. President Donald Trump tweeted on Sunday that he will raise tariffs on $200 billion of Chinese imports to 25 percent from 10 percent beginning on Friday.
Trump also said he would soon slap a 25-percent tariff on $325 billion of Chinese goods that have not been taxed.
Major stock markets fell worldwide on Monday in response to the tweet, which preceded scheduled trade talks this week.