The tariff crisis Trump's tariff policy
Trump on recession concerns: "A transition period"
The US economy took a hit in the first quarter and declined provisionally by 0.3 percent compared to the previous quarter. Now there is increasing concern that Trump's tariff policy could lead to a recession, but he himself continues to claim that the policy will do better for the economy, he tells NBC.
- Everything is okay, he says, pointing out that the decline in the quarter is a "transition period". At the same time, Trump admits that the risk of a recession exists.
Trump on recession concerns: "A transition period"
The US economy took a hit in the first quarter and declined provisionally by 0.3 percent compared to the previous quarter. Now there is increasing concern that Trump's tariff policy could lead to a recession, but he himself continues to claim that the policy will do better for the economy, he tells NBC.
- Everything is fine, he says, pointing out that the decline in the quarter is a "transitional period". At the same time, Trump admits that the risk of a recession exists.
Buffett's investments
Warren Buffett to leave the CEO position at the end of the year
Investor legend Warren Buffett will ask the board to leave his CEO position as CEO of Berkshire Hathaway at the end of the year. He says this in connection with Saturday's annual meeting, CNBC writes.
Instead, he wants the board to appoint his previously designated heir to the throne Greg Abel.
94-year-old Buffett is currently both CEO and chairman of the conglomerate.
The stock market icon promises the thousands of investors at the meeting that he will keep every single Berkshire share.
- It's a financial decision because I think the prospects for Berkshire will be better under Greg's management than mine, he says according to the channel.
Trump on recession concerns: "A transition period"
The US economy took a hit in the first quarter and declined provisionally by 0.3 percent compared to the previous quarter. Now there is increasing concern that Trump's tariff policy could lead to a recession, but he himself continues to claim that the policy will do better for the economy, he tells NBC.
- Everything is okay, he says, pointing out that the decline in the quarter is a "transition period". At the same time, Trump admits that the risk of a recession exists.
Trump on recession concerns: "A transition period"
The US economy took a hit in the first quarter and declined provisionally by 0.3 percent compared to the previous quarter. Now there is increasing concern that Trump's tariff policy could lead to a recession, but he himself continues to claim that the policy will do better for the economy, he tells NBC.
- Everything is fine, he says, pointing out that the decline in the quarter is a "transitional period". At the same time, Trump admits that the risk of a recession exists.
Buffett's investments
Warren Buffett to leave the CEO position at the end of the year
Investor legend Warren Buffett will ask the board to leave his CEO position as CEO of Berkshire Hathaway at the end of the year. He says this in connection with Saturday's annual meeting, CNBC writes.
Instead, he wants the board to appoint his previously designated heir to the throne Greg Abel.
94-year-old Buffett is currently both CEO and chairman of the conglomerate.
The stock market icon promises the thousands of investors at the meeting that he will keep every single Berkshire share.
- It's a financial decision because I think the prospects for Berkshire will be better under Greg's management than mine, he says according to the channel.
Voices about tariffs
Expert: Too early to talk about the death of globalization
Amid the tariff frenzy, there is increasing buzz among stock market leaders about regionalization as the new buzzword. But even though globalization has been toughened up in recent years, it is too early to talk about the death of globalization. This is what Anna Stellinger, head of the Confederation of Swedish Enterprise, tells SvD.
The fact that regionalization has gained ground is both business and political. To reduce vulnerability, companies must have warehouses and production closer to their home markets, she reasons.
– Trump is definitely a reason. But also that people have realized that it is often smarter to work in regions. China is no longer the factory floor of the whole world, she says.
Expert: Too early to talk about the death of globalization
Amid the tariff frenzy, there is increasing buzz among stock market leaders about regionalization as the new buzzword. But even though globalization has been toughened up in recent years, it is too early to talk about the death of globalization. This is what Anna Stellinger, head of the Confederation of Swedish Enterprise, tells SvD.
The fact that regionalization has gained ground is both business and political. To reduce vulnerability, companies must have warehouses and production closer to their home markets, she reasons.
– Trump is definitely a reason. But also that people have realized that it is often smarter to work in regions. China is no longer the factory floor of the whole world, she says.
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