Warren Buffett criticizes Trump's tariff policy
Legendary US investor Warren Buffett has made a strong statement on President Donald Trump's tariff policy. At the shareholders' meeting of his holding company Berkshire Hathaway, he made it clear that trade should not be a weapon. Buffett warns against turning the rest of the world against the US, as this could be seen as a major strategic mistake. He emphasizes that a prosperous rest of the world can also benefit the US and that healthy international trade is beneficial for all parties involved. While Trump tried to promote domestic production with high import tariffs, these tariffs were quickly suspended after a dramatic slump in the stock markets. Nevertheless, the tariffs on China remain in place, which experts blame for possible future supply bottlenecks in the US. Buffett, who himself once proposed import certificates to reduce the trade deficit, does not see the current policy as a positive development for the economy. Berkshire Hathaway, which owns shares in major companies such as Apple $AAPL (+6,33 %) and Coca-Cola $KO (-0,62 %) has proven to be extremely successful over the years and could be adversely affected by such political measures.
Schenker sale to DSV causes change
The sale of rail subsidiary Schenker to Danish logistics giant DSV is now official, bringing a breath of fresh air to the industry. DSV is acquiring the DB division for over 14 billion euros, which could have far-reaching consequences for employees. Logistics professor Christian Kille comments on the possible effects of the sale and predicts that "one or two jobs could be lost". This indicates a possible reduction in jobs, which could be specified in the coming months. The changes at Schenker could also have an impact on prices for customers, which brings additional uncertainty. The entire logistics sector will be watching closely to see how the market develops following this significant sale. It will be crucial for DSV to successfully manage the integration of Schenker while maintaining the quality of its services in order not to lose the trust of its customers.
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