Buffett warned about commercial deficits in a fortune of fortune in 2003 and proposed “Import certificates” but says that trade should not be a weapon

• Berkshire Hathaway CEO WARREN BUFETT He was asked about his 2003 Fortune Op-Ed, where he requested that “import certificates” reboot in commercial deficits. He admitted that the idea was “Gimmicky”, but it is better than the current state of trade, alluding to the President’s President of President Donald Trump.

Berkshire Hathaway’s CEO, Warren Buffett Fortune Warning about commercial deficits, but shareholders said on Saturday that trade should not be used as a weapon.

The comments came when investors sought the aggressive rates of President Donald Trump to reduce the United States’s commercial deficit, although he did not directly direct Trump or his “release day” duties, which have started the stock market and favored foreign relations.

In his choice, Buffett proposed “IMPORT” (ICS) certificates as a way to balance trade instead of using tariffs. During the annual meeting of Berkshire Hathaway, Buffett was asked if he believed that the import certificates were different from the rates.

“It’s Gimmicky, but it’s much better than everything I think we talk about now,” Buffett responded. “And there is no doubt that trade can be a war act and I think it is brought to bad things, only the attitude that is presented.”

Import certificates are essentially credits that are issued to exporters “in the amount equal to the dollar value of his exports,” Buffett wrote in Op-Ed. Those exporters could sell their certificates to internationally exporters or to national importers.

“To import a million dollars of goods, for example, an importer would need ICS to be the by -product of 1 million exports,” Buffett wrote. “The inevitable result: commercial balance.”

On Saturday, he warned that “trade should not be a weapon,” which added that the United States has been winners in general as they marketed with the world.

“The more prosperous becomes the rest of the world, it will not be our responsibility,” said Buffett. “The more prosperous we become and the safer we will feel and your children will feel someday.”

He also referred to the beginnings related to the trade in America about 250 years ago, saying that they are still an angular stone of economic success and that the United States should continue to market.

“In the United States, I mean, we should look for trade with the rest of the world and we should do what we do best,” said Buffett.

This story originally presented to Fortune.com