New Delhi, May 4 -- Omaha-based investment giant Berkshire Hathaway's Chief Executive Officer (CEO), Warren Buffett, in the shareholders meeting hosted on Saturday, May 3, said that the import certificates, which he recommended in 2003, for a balanced trade as 'gimmicky' yet better than the current US trade policy of high tariffs.

"It's gimmicky, but it's certainly a lot better than anything I think we're talking about now," said Warren Buffett. "And there's no question that trade can be an act of war, and I think it's led to bad things, just the attitude it's brought out," reported the news portal Fortune.

According to the news portal's report, Buffett, earlier in an opinion piece on the news portal, proposed that import certificates (...