July 25, 2019

A major Warren Buffett investment is now a direct target in the latest twist in the U.S.-China trade war, and not from China. Not from Donald Trump, either, at least not directly. Also in the crosshairs are hundreds of U.S. factory jobs, another instance of the collateral damage trade tensions are imposing on the U.S. economy.

Earlier this month, the House of Representatives passed an annual defense policy bill that would, among other things, block local public transit agencies from spending federal funds to buy railcars made by companies that are either owned, controlled or subsidized by the Chinese government. A Senate version of the bill, passed in late June, would apply to buses as well. 

And that's where Buffett, the legendary investor and CEO of insurance conglomerate Berkshire Hathaway, comes in.

Read more: 

https://www.cbsnews.com/news/warren-buffett-investment-now-target-in-u-s-china-trade-war/