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Warren Buffett, Berkshire Hathaway CEO, deemed US trade wars a "big mistake" at the company's annual meeting. He emphasized trade shouldn't be weaponized and that tariffs negatively impact the firm's outlook, contributing to a 14% drop in operating earnings during Q1. Despite Berkshire's $347 billion cash reserve, Buffett indicated no immediate large investments. He praised Apple CEO Tim Cook and downplayed recent market volatility.

Prepared by Christopher Adams and reviewed by editorial team.