Mumbai, April 9 -- With global markets dancing to the tune of US President Donald Trump's tariff tantrums, Warren Buffett's decision to sit on $300 billion cash shows people have been anticipating things in the market to go crazy, said Manish Chokhani, director of Enam Holdings. In a conversation with Mint on the sidelines of an event organized by investment platform Groww, he added that the reason Trump is threatening tariffs is because most global supply chains ultimately run through China. Edited excerpts:

The US has reached a stage where current account and fiscal deficits are unsustainable. So, Trump is trying to solve the current account problem by reducing imports and trying to fix the fiscal deficit with his policies. The basic p...