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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Baybrooke   😊 😞
Number: of 21944 
Subject: Re: Brk annual meeting questions,
Date: 04/24/25 1:18 AM
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No. of Recommendations: 3
Apologies if this is a repeat post of below article. It's Buffett's remedy in 2003 to the growing trade deficit. One of the questions at the annual meeting could me to remind of of this article and suggested remedy and ask for a revised answer 22 years later!

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America's Growing Trade Deficit Is Selling The Nation Out From Under Us. Here's A Way To Fix The Problem--And We Need To Do It Now.
(FORTUNE Magazine)
By Warren E. Buffett, Carol J. Loomis
November 10, 2003
(FORTUNE Magazine)

My remedy may sound gimmicky, and in truth it is a tariff called by another name. But this is a tariff that retains most free-market virtues, neither protecting specific industries nor punishing specific countries nor encouraging trade wars. This plan would increase our exports and might well lead to increased overall world trade. And it would balance our books without there being a significant decline in the value of the dollar, which I believe is otherwise almost certain to occur.


money.cnn.com - Fortune archive

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Members reply directly to Baybrooke here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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