Warren Buffett says U.S.-China trade war would be 'bad for the whole world'

Warren Buffett said on Monday that a trade war between the United States and Chi...

- Warren Buffett said on Monday that a trade war between the United States and China would be “bad for the whole world.”

Trump also said he would soon slap a 25-percent tariff on $325 billion of Chinese goods that have not been taxed. Berkshire Vice Chairman Charlie Munger, also speaking on CNBC, said Trump was not “totally crazy” for wanting higher tariffs on some goods, but that a trade war would be “massively stupid.”

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