Warren Buffett announces his retirement and warns the trade war will hurt America

npr.orgPublished: 5/3/2025

Summary

Warren Buffett, the 94-year-old billionaire investor and CEO of Berkshire Hathaway, turned 94 but still made waves at his annual shareholder meeting in Omaha by retiring as CEO and naming Greg Abel as his successor. He criticized President Trump's tariffs, warning they could harm the U.S., while emphasizing the importance of trade as a tool for global prosperity. His talk, filled with personal anecdotes and advice on investing, left the audience in awe, including many who had been waiting for him to voice his opinion on the trade war. Buffett's words highlighted his folksy charm and deep influence over financial markets.