Our Privacy Statement & Cookie Policy

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree

Thriftville vs Squanderville: Buffett's insight on tariffs

02:53

Investment magnate Warren Buffett has warned against weaponizing commerce as U.S. President Donald Trump's "reciprocal tariffs" bear down on world trade. In a 2003 Fortune magazine article, he warned about trade deficits using his Thriftville versus Squanderville parable. He proposed using "import certificates" to balance trade. Now, as tensions rise, could his old idea help fix today's crisis? Duke Kunshan University's John Quelch weighs in.

Search Trends