It Doesn’t Look Like Warren Buffett Cares About these Tweets from President Trump

President Trump tweeted on Sunday that his Administration will impose a 25 percent tariff on essentially all Chinese goods.

Trump tweeted, “For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars….”

The President added, “….of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!”

Tariffs Hurt the Heartland responded to the tweets and said, “If the President follows through on this threat, the consequences will be dire. Raising tariffs to 25 percent could cost nearly one million American jobs, according to recent estimates. This decision will also roil financial markets and increase the likelihood of retaliation on American farmers who are facing the lowest income levels in years. Republicans and Democrats in Congress need to step up to meet this threat head on. Job-killing tax hikes on their own constituents should be a non-starter, and in the days ahead, lawmakers must act to protect Americans from this threat.”

One person didn’t seem too phased by Trump’s tweets and that’s billionaire investor Warren Buffet.

We’re buying the same stocks now that we’d buy last week,” Buffett said on CNBC on Monday morning. “We’re buying them because they’ll be good businesses 10 years from now.”

“If you look at stocks as businesses you own little pieces of, why in the world should you sell it based on headlines of any sort?” Buffett said. “It’s nonsense to get feeling good or bad about what stock prices do in a day… unless you have extra money and they go down and then you feel better because you can buy more cheap.”

“I think that China and the United States absolutely are destined to be the superpowers, beyond my great-grandchildren’s lives, and will always be competitors,” Warren Buffett told Yahoo Finance. “We just have to make sure that competition doesn’t get us to a point where we don’t realize that the best world is one in which both the United States and China prosper.”