Warren Buffett pours cold water on Donald Trump’s campaign trade promise
Washington — Billionaire investor Warren Buffett has defended the stock market’s strength and raised doubts about president-elect Donald Trump’s trade agenda. Buffett is a vocal critic of Trump and endorsed the candidacy of Democrat Hillary Clinton. In a CNN interview broadcast on Friday, Buffett said: "The stock market will be higher 10, 20, 30 years from now, and it would have been with Hillary, and it ... will be with Trump." Asked if he felt optimistic about the US, Buffett said: "100% — the market system works. It doesn’t work for everybody. It works in aggregate." Buffett played down the chances of Trump carrying out a campaign promise to scrap the North American Free Trade Agreement, the US trade deal with Canada and Mexico, which former president Bill Clinton implemented in 1994. "He has to go through the House and the Senate," Buffett said. "He has to get support on it. There are a lot of things said in campaigns that don’t happen after the election."
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