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Warren Buffett on the Importance of Trade and Exports (SelectUSA Interview)

/ Exports, Video Reports / By WTI Admin

Warren Buffett on the Importance of Trade and Exports (SelectUSA Interview)

Warren Buffett, CEO, Berkshire-Hathaway, talks about the importance of exports and trade to the U.S. economy.

Transcript of this video –

0:08 >> Well we’ve seen in the United States, manufacturing come back very strong,

0:14 I mean our exports are, I think in the area of 12 percent of GD, if you go back 40 or 50 years,

0:21 and I can go back 40 or 50 years at my age, they were five percent so, we make a lot of things

0:26 that the world wants, and the world makes a lot of things that we want, I mean there,

0:29 the trade is, trade is the lifeblood of economic wellbeing, and I hope we do,

0:39 and I know we will do, even more trade in the future, and that requires that you turn

0:45 out things that the rest of the world likes.

0:47 So when we have that 12 percent of a economy our size that’s turning out goods for the rest

0:54 of the world, it shows that people in this country are able to not only come

0:59 up with the ideas of products that people want, but they’re able to produce them at a price

1:03 that makes sense for the world to buy them so it’s,

1:06 exports and imports are both enormously important to a strong economy

1:12 and they’re alive and well in the United States.

Warren Buffett on the Importance of Trade and Exports (SelectUSA Interview)

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