Buffett, Cook stress dangers of new US tariff policy

Billionaire investor Warren Buffett and Apple CEO Tim Cook have joined a chorus of business leaders warning against Washington's tariff-driven trade policies, highlighting that they are inflating costs for companies in the United States and harming economic growth.

Their remarks show that even large corporations with diversified supply chains, like Apple, are feeling the strain, while smaller US enterprises reliant on imports face bigger risks, industry experts said.

"Trade should not be a weapon," Buffett, the chairman and CEO of Berkshire Hathaway, told the company's annual shareholders meeting on Saturday in Omaha, Nebraska.