India, May 3 -- Investor Warren Buffett issued a major advise to Donald Trump amidst concerns around his tariffs, asserting that the US should not use "trade as a weapon".

In a speech to Berkshire Hathaway shareholders on Saturday, Buffet blasted the US President, calling his move a "big mistake".

"It's a big mistake in my view when you have 7.5 billion people who don't like you very well, and you have 300 million who are crowing about how they have done," Buffett, 94, stated during shareholders meeting.

Moving further, Buffett asserted that it is ideal for trade to be balanced between nations, but he believes that Trump is not approaching the issue appropriately with his extensive tariffs. He claimed that the globe will be a safer pla...