Warren Buffett’s Berkshire Hathaway has more cash in the bank than any other American company, a staggering $334 billion, as a result of selling half its stock market portfolio in the past few months because Buffett felt prices were too high. Then along came President Donald Trump’s “Liberation Day” on April 4, which introduced draconian tariffs and urged leaders to negotiate and lower their tariffs on the United States. Buffett had warned in March against tariffs “because they are an act of war” and they increase inflation. But Trump proceeded, pulling the pin on the global trading system and stock markets. He also claimed Buffett endorsed tariffs, which was untrue and flatly denied. Now markets plunge, and many fear a recession, or worse. Even Trump supporters in Silicon Valley and on Wall Street are upset and tried this week to convince the President to halt tariffs and stop stock market losses. But Trump remained defiant. When asked on Air Force One about falling prices, Trump said, “crashing markets? I …