By Krystal Hur
Berkshire Hathaway's shares tumbled Friday, caught up in the market bloodbath.
The company is also contending with unfounded rumors about Chairman Warren Buffett's thoughts on President Trump's trade policies.
Trump shared an X post on his Truth Social account on Friday, with the X post itself sharing a video of a person claiming that Buffett said Trump is "making the best economic moves he's seen in over 50 years."
Berkshire Hathaway hit back, without mentioning the post by name.
"There are reports currently circulating on social media (including Twitter, Facebook and Tik Tok) regarding comments allegedly made by Warren E. Buffett. All such reports are false," said a press release from the company.
The company's class B shares slumped 5.7% Friday afternoon, part of a broader selloff that sent financial shares down about 6%. The stock closed at a record high Wednesday, before Trump's Rose Garden ceremony to announce new tariffs.
Buffett has not commented on Trump's tariffs since the president began introducing his policies this year. Buffett is expected to give his thoughts on the stock market at Berkshire's annual shareholders meeting in May.
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(END) Dow Jones Newswires
April 04, 2025 15:47 ET (19:47 GMT)
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