“Best economic moves in 50 years” — that’s what a viral video claimed Warren Buffett said about Donald Trump’s economic policies. It’s been circulating like wildfire across TikTok, Facebook, and Truth Social, sparking debates across the U.S.
But is it true? Let’s break it down.
✅ Viral Video Claims Buffett Endorsed Trump
Earlier this week, former President Donald Trump shared a video on Truth Social suggesting Warren Buffett praised his economic policies, especially tariffs. The video described Trump’s moves as the “best economic steps in 50 years.”
Millions of users saw the video, leading to speculation that Buffett had shifted his usually neutral political stance.
❌ Berkshire Hathaway Responds: “False Claims”
Shortly after the video went viral, Berkshire Hathaway, the multinational conglomerate led by Buffett, released an official statement calling the claims false and misleading.
The company clarified that Buffett has made no such statement and continues to remain politically neutral.
🧠 Buffett’s Stance on Politics
Warren Buffett, who has led Berkshire Hathaway since 1965, has been very careful about political endorsements. In fact, as recently as October last year, the company stated that Buffett does not endorse political candidates or investment products — especially after numerous fraudulent statements had surfaced in his name.
💣 Trump’s Tariff Announcement Shakes Global Markets
On April 2 (Liberation Day), Donald Trump announced a new wave of U.S. tariffs, escalating trade tensions with China. The result? A massive sell-off in global stock markets.
According to Bloomberg, the announcement wiped out $2.5 trillion in market value on Wall Street.
📉 Wall Street Billionaires Take a Hit
Some of the biggest names in tech and business faced huge losses:
- Elon Musk (Tesla, SpaceX)
- Jeff Bezos (Amazon)
- Mark Zuckerberg (Meta)
Together, they lost billions.
🧱 Buffett Still in the Green
Despite losing $2.57 billion, Warren Buffett held steady compared to others. His year-to-date profit still sits at a solid $23.4 billion, according to the Bloomberg Billionaires Index.
While others panicked, Buffett proved once again why he’s called the Oracle of Omaha.
📢 Trump Responds: “Markets Will Boom”
In a follow-up post on Truth Social, Trump reassured Americans, saying:
“The U.S. economy will emerge stronger, bigger, better, and more resilient than ever before.”
He added, “Markets will boom.”
But the reality on Wall Street painted a different picture.
📊 Dow Jones, S&P 500, and Nasdaq Plunge
Here’s what happened after the announcement:
- S&P 500: ↓ 6%
- Dow Jones Industrial Average: ↓ 5.5%
- Nasdaq Composite: ↓ 5.8%
Even a strong U.S. jobs report couldn’t stop the bloodbath. Oil prices plunged to levels not seen since 2001, and copper — a key material in economic infrastructure — also saw a sharp decline.
🌍 Global Ripple Effect: Europe & Beyond
It wasn’t just the U.S. — European markets dropped around 5%, and crude oil prices dropped to the lowest since 2021. The world is watching this escalating trade war closely, as it threatens to slow global economic growth.
🧾 In Summary: What’s True and What’s Not?
- ❌ No, Warren Buffett did not praise Trump’s tariffs.
- ✅ The video shared by Trump was misleading.
- 💥 Trump’s tariffs caused a $2.5 trillion sell-off globally.
- 📈 Buffett remains strong — but concerned markets tell a different story.