https://www.axios.com/2023/05/06/berkshire-hathaway-annual-meeting-china
Warren Buffett at a 2007 panel discussion. Photo: Chip Somodevilla/Getty Images
Investing legends Warren Buffett and Charlie Munger on Saturday urged the U.S. and China to settle their widening differences, arguing the superpowers have a "mutual interest" in continuing cooperation.
Why it matters: On multiple fronts, the world's two largest economies have found themselves at repeated loggerheads, with few signs of near-term reconciliation.
Driving the news: At a question and answer session at Berkshire Hathaway's annual meeting in Omaha, the billionaire dynamic duo insisted the U.S. and China need one another.
What they're saying: Buffett, the 92-year-old "Oracle of Omaha" whose advice on investing and markets has been widely followed for decades, argued both countries "have to get along with each other."
Buffett likened U.S.-China tensions to the Cold War, where America stared down the Soviet Union under the threat of a nuclear conflict that would lead to "mutually assured destruction."