According to reports by Reuters and The Wall Street Journal, on April 4 local time, the three major US stock indexes plummeted. Meanwhile, a rumor spread on social media that "oracle" Warren Buffett supported Trump's economic policies. In response, Berkshire Hathaway, led by Buffett, issued an announcement to deny the rumor. Buffett himself also stated that from now until the annual meeting of Berkshire Hathaway on May 3, he would not comment on the market, economy, or tariffs.
On the same day, Trump shared a video post from his Truth Social account. The video claimed that Trump deliberately caused the stock market to crash in order to force the Federal Reserve to cut interest rates, thereby solving the problem of excessive government debt burdens in the United States and making it easier for middle-class American investors to afford stocks. The video stated that Buffett "approved" of Trump's approach, believing that Trump was implementing the best economic policy he had seen in more than 50 years.
Trump forwarded a video claiming that Buffett endorsed him.
Berkshire Hathaway then responded: "Rumors are currently circulating on social media (including Twitter, Facebook, and TikTok) allegedly made by Warren E. Buffett. All these reports are false."
According to a report by CNBC on April 4, Buffett told CNBC reporters that it was important to quickly clarify misinformation. From now until the annual meeting of Berkshire Hathaway on May 3, he would not comment on the market, economy, or tariffs.
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Source: https://www.toutiao.com/article/7489703397885608487/
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