Billionaire Warren Buffett denied a wild claim pushed by Donald Trump on his social media app on Friday alleging that the legendary investor supports him purposefully crashing the stock market.
Trump on Friday shared a video on Truth Social in which a narrator, crypto and finance influencer Brian Decker, claim the president is deliberately tanking the market to force lower interest and mortgage rates.
Decker then claims in the video that, “This is why Warren Buffett just said Trump is making the best economic moves he’s seen in over 50 years.”
In a statement to CNBC on Friday Buffett’s conglomerate Berkshire Hathaway said the statement is false.
“There are reports currently circulating on social media (including Twitter, Facebook and Tik Tok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” the company said.
While Buffett hasn’t spoken about tariffs Trump imposed on US trading partners this week, in March he called tariffs “an act of war, to some degree.”
“Over time, they are a tax on goods. I mean, the tooth fairy doesn’t pay ’em!” Buffett said. “And then what? You always have to ask that question in economics. You always say, ‘And then what?’”
