As the Friday from President Donald 罢谤耻尘辫鈥檚 move to institute , Trump on Truth Social that erroneously claimed legendary investor Warren Buffett praised his recent economic policies.
Here's a closer look at the facts.
CLAIM: Warren Buffett said President Donald Trump is 鈥渋s making the best economic moves he鈥檚 seen in 50 years.鈥�
THE FACTS: This is false. Berkshire Hathaway, Buffett's company, shortly after Trump posted the video, calling reports on social media attributing comments to Buffett 鈥渇alse.鈥� Buffett told a reporter Friday that he won't be commenting on the economy until Berkshire Hathaway's annual meeting later this spring.
鈥淭here are reports currently circulating on social media (including Twitter, Facebook and TikTok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,鈥� reads the Berkshire Hathaway statement.
The company did not specify which reports the statement was referring to and did not respond to requests for clarification.
the president shared, a voiceover states as it shows a clip of Buffett: 鈥淭rump is purposely crashing the stock market by 20% this month, but he's doing it on purpose. And this is why Warren Buffett just said Trump is making the best economic moves he's seen in over 50 years.鈥�
The video's audio comes from a March 13 .
CN小蓝视频 reporter Becky Quick reported Friday that Buffett said any quotes circulating on social media about the current economic situation that are purportedly from him are not authentic.
鈥淗e says that he鈥檚 not talking to anybody about anything related to the markets, the economy or tariffs, and that he will not be doing that between now and the annual meeting for Berkshire Hathaway, which takes place on Saturday, May 3,鈥� Quick .
However, Buffett did speak briefly about tariffs for CBS News' "Sunday Morning鈥� that aired March 2.
鈥淭ariffs are actually, we鈥檝e had a lot of experience with them. They鈥檙e an act of war to some degree,鈥� he said in response to a question on how he thinks tariffs will effect the economy.
He was vaguer when asked how he sees the state of the economy saying, 鈥淚 can鈥檛 talk about it now, I really can鈥檛.鈥�
In recent years, Buffett has stopped commenting on politics or other controversial subjects because, he has said, he doesn鈥檛 want to hurt Berkshire鈥檚 businesses by offending anyone. The longtime Democrat hasn鈥檛 publicly backed any candidates for office since Hillary Clinton ran for president.
He did offer advice addressed to 鈥淯ncle Sam鈥� in his most recent , reminding the country that 鈥渨e need you to maintain a stable currency and that result requires both wisdom and vigilance on your part.鈥�
Representatives for Trump did not respond to a request for comment.
The S&P 500 lost 6% Friday after 罢谤耻尘辫鈥檚 in tariffs announced earlier this week. The move increased the stakes in that could end with a recession.
___
Associated Press writer Josh Funk contributed to this report.
___
Find AP Fact Checks here: .
Melissa Goldin, The Associated Press
