Billionaire American investor Warren Buffett says it is not likely that the United States and China will be at loggerheads over an escalated trade issue that has unnerved financial markets for weeks.
Warren, an investor in both America and China, said it is inevitable for Washington and Beijing—two dominant economic players in the world—to have tensions sometimes, but argued that they two are intelligent enough to avoid doing “something extremely foolish.”
“The United States and China are going to be the two super-powers of the world, economically and in other ways, for a long, long, long time,” Buffett said at Berkshire Hathaway Inc’s (BRKa.N) annual shareholders’ meeting in Nebraska on Saturday.
“It is just too big and too obvious for that the benefits are huge and the world is dependent on it in a major way for its progress that two intelligent countries will do something extremely foolish,” he added.
“We both (US…