As the stock market reeled Friday from President Donald Trump’s move to institute widespread global tariffs, Trump shared a video on Truth Social that erroneously claimed legendary investor Warren Buffett praised his recent economic policies.
Here's a closer look at the facts.
CLAIM: Warren Buffett said President Donald Trump is “is making the best economic moves he’s seen in 50 years.”
THE FACTS: This is false. Berkshire Hathaway, Buffett's company, issued a statement shortly after Trump posted the video, calling reports on social media attributing comments to Buffett “false.” Buffett told a reporter Friday that he won't be commenting on the economy until Berkshire Hathaway's annual meeting later this spring.
“There are reports currently circulating on social media (including Twitter, Facebook and TikTok) regarding comments allegedly made by Warren E. Buffett. All such reports are false,” reads the Berkshire Hathaway statement.
The company did not specify which reports the statement was referring to and did not respond to requests for clarification.
In the video the president shared, a voiceover states as it shows a clip of Buffett: “Trump is purposely crashing the stock market by 20% this month, but he's doing it on purpose. And this is why Warren Buffett just said Trump is making the best economic moves he's seen in over 50 years.”
The video's audio comes from a March 13 Instagram post.
CNBC reporter Becky Quick reported Friday that Buffett said any quotes circulating on social media about the current economic situation that are purportedly from him are not authentic.
“He says that he’s not talking to anybody about anything related to the markets, the economy or tariffs, and that he will not be doing that between now and the annual meeting for Berkshire Hathaway, which takes place on Saturday, May 3,” Quick said in a CNBC segment.
However, Buffett did speak briefly about tariffs in an interview for CBS News' "Sunday Morning” that aired March 2.
“Tariffs are actually, we’ve had a lot of experience with them. They’re an act of war to some degree,” he said in response to a question on how he thinks tariffs will effect the economy.
He was vaguer when asked how he sees the state of the economy saying, “I can’t talk about it now, I really can’t.”
In recent years, Buffett has stopped commenting on politics or other controversial subjects because, he has said, he doesn’t want to hurt Berkshire’s businesses by offending anyone. The longtime Democrat hasn’t publicly backed any candidates for office since Hillary Clinton ran for president.
He did offer advice addressed to “Uncle Sam” in his most recent annual letter to shareholders, reminding the country that “we need you to maintain a stable currency and that result requires both wisdom and vigilance on your part.”
Representatives for Trump did not respond to a request for comment.
The S&P 500 lost 6% Friday after China matched Trump’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession.
Associated Press writer Josh Funk contributed to this report.
Find AP Fact Checks here: https://apnews.com/APFactCheck.
Cars rest on a carrier at the BNSF Railway vehicle storage facility at the Port of Richmond on Thursday, April 3, 2025, in Richmond, Calif. (AP Photo/Noah Berger)
Cranes line a dock at the Port of Oakland on Thursday, April 3, 2025, in Oakland, Calif. (AP Photo/Noah Berger)
Flags brought by supporters wave in the breeze before President Donald Trump arrives at the Trump International Golf Club, Friday, April 4, 2025, in West Palm Beach, Fla. (AP Photo/Alex Brandon)
When she heard her front door open almost two years ago, Kostiantyn Zinovkin’s mother thought her son had returned home because he forgot something. Instead, men in balaclavas burst into the apartment in Melitopol, a southern Ukrainian city occupied by Russian forces.
They said Zinovkin was detained for a minor infraction and would be released soon. They used his key to enter, said his wife, Liusiena, and searched the flat so thoroughly that they tore it apart “into molecules.”
But Zinovkin wasn't released. Weeks after his May 2023 arrest, the Russians told his mother he was plotting a terrorist attack. He's now standing trial on charges his family calls absurd.
Zinovkin is one of thousands of civilians in Russian captivity. Ukrainian President Volodymyr Zelenskyy insists their release, along with prisoners of war, will be an important step toward ending the 3-year-old war.
So far, it hasn't appeared high on the agenda in U.S. talks with Moscow and Kyiv.
“While politicians discuss natural resources, possible territorial concessions, geopolitical interests and even Zelenskyy’s suit in the Oval Office, they’re not talking about people,” said Oleksandra Matviichuk, head of the Center for Civil Liberties, which won the Nobel Peace Prize in 2022.
In January, the center and other Ukrainian and Russian rights groups launched “People First,” a campaign that says any peace settlement must prioritize the release of everyone they say are captives, including Russians jailed for protesting the war, as well as Ukrainian children who were illegally deported.
“You can’t achieve sustainable peace without taking into account the human dimension,” Matviichuk told The Associated Press.
It's unknown how many Ukrainian civilians are in custody, both in occupied regions and in Russia. Ukraine’s human rights ombudsman Dmytro Lubinets in 2023 estimated over 20,000.
Matviichuk says her group received over 4,000 requests to help civilian detainees. She notes it's against international law to detain noncombatants in war.
Oleg Orlov, co-founder of the Russian rights group Memorial, says advocates know at least 1,672 Ukrainian civilians are in Moscow’s custody.
“There’s a larger number of them that we don’t know about,” added Orlov, whose organization won the Nobel alongside Matviichuk's group and is involved in People First.
Many are detained for months without charges and don't know why they're being held, Orlov said.
Russian soldiers detained Mykyta Shkriabin, then 19, in Ukraine’s Kharkiv region in March 2022. He left the basement where his family was sheltering from fighting to get supplies and never returned.
Shkriabin was detained even though he wasn’t charged with a crime, said his lawyer, Leonid Solovyov. In 2023, the authorities began referring to him as a prisoner of war, a status Solovyov seeks to contest since the student wasn’t a combatant.
Shkriabin's mother, Tetiana, told AP last month she still doesn’t know where her son is held. In three years, she's received two letters from him saying he's doing well and that she shouldn't worry.
She's hoping for “a prisoner exchange, a repatriation, or something,” Shkriabina said. Without hope, "how does one hang in there?”
Others face charges that their relatives say are fabricated.
After being seized in Melitopol, Zinovkin was jailed for over two years and charged with seven offenses, including plotting a terrorist attack, assembling weapons and high treason, his wife Liusiena Zinovkina told AP, describing the charges as “absurd.”
While vocally pro-Ukrainian and against Russia's occupation, her husband couldn’t plot to bomb anyone and had no weapons skills, she said.
Especially nonsensical is the treason charge, she said, because Russian law stipulates that only its citizens can be charged with that crime, and Zinovkin has never held Russian citizenship, unless it was forced upon him in jail. A conviction could bring life in prison.
Ukrainian civilian Serhii Tsyhipa, 63, was convicted of espionage and sentenced to 13 years in a maximum-security prison after he disappeared in March 2022 while walking his dog in Nova Kakhovka in the partially occupied Kherson region, said his wife, Olena. The dog also vanished.
Tsyhipa, a journalist, was wearing a jacket with a large red cross sewn on it. Both he and his wife, Olena, had those jackets, she told AP, because they volunteered to distribute food and other essentials when Russian troops invaded.
Serhii Tsyhipa protested the occupation, and Olena believes that led to his arrest.
He was held for months in Crimea and finally charged with espionage in December 2022. Almost a year later, in October 2023, Tsyhipa was convicted and sentenced in a trial that lasted only three hearings.
He appealed, but his sentence was upheld. “But the Russian authorities must understand that we are fighting — that we are doing everything possible to bring him home,” she said.
Mykhailo Savva of the Expert Council of the Center for Civil Liberties said rights advocates know of 307 Ukrainian civilians convicted in Russia on criminal charges — usually espionage or treason, if the person held a Russian passport, but also terrorism and extremism.
He said that in Ukraine's occupied territories, Russians see activists, community leaders and journalists as "the greatest threat.”
Winning release for those already serving sentences would be an uphill battle, advocates say.
Relatives must piece together scraps of information about prison conditions.
Zinovkina said she has received letters from her husband who told her of problems with his sight, teeth and back. Former prisoners also told her of cramped, cold basement cells in a jail in Rostov, where he's being held.
She believes her husband was pressured to sign a confession. A man who met him in jail told her Kostiantyn “confessed to everything they wanted him to, so the worst is over” for him.
Orlov said Ukrainian POWs and civilians are known to be held in harsh conditions, where allegations of abuse and torture are common.
A recent report by the U.N. Human Rights Council's commission of inquiry on Ukraine said Russia “committed enforced disappearances and torture as crimes against humanity,” part of a "systematic attack against the civilian population and pursuant to a coordinated state policy.”
It said Russia “detained large numbers of civilians,” jailed them in occupied Ukraine or deported them to Russia, and “systematically used torture against certain categories of detainees to extract information, coerce, and intimidate.”
The Kremlin tested those methods during the two wars it waged in Chechnya in the 1990s and 2000s, well before invading Ukraine, said Orlov, who recently went to Ukraine to document Russia’s human rights violations and saw the pattern repeated from the North Caucasus conflicts.
“Essentially, a misanthropic system has been created, and everyone who falls into it ends up in hell,” added Matviichuk, the Ukrainian human rights advocate.
Russia's Defense Ministry, the Federal Penitentiary Service and the Federal Security Service did not respond to requests for comment.
As the U.S. talks about a ceasefire, relatives continue to press for the captives' release.
Liusiena Zinovkina says she hasn't abandoned hope as her husband, now 35, stands trial but is tempering her expectations.
“I see that it’s not as simple as the American president thought. It’s not that easy to come to an agreement with Russia,” she said, reminding herself “to be patient. It will happen, but not tomorrow.”
Olena Tsyhipa said every minute counts for her husband, whose health has deteriorated.
“My belief in his return is unwavering,” she said. “We just have to wait.”
Litvinova reported from Tallinn, Estonia. Arhirova reported from Kyiv, Ukraine. Associated Press writer Yuras Karmanau in Tallinn contributed.
Liusiena Zinovkina, 32, sits in a park in Berlin, Germany, on March 19, 2025. Her husband, Kostiantyn, was arrested in Ukraine in May 2023 and remains in Russian custody. She left Ukraine after the war began. (AP Photo/Ebrahim Noroozi)
Liusiena Zinovkina, 32, spends time in a park in Berlin, Germany, March 19, 2025. She fled to Germany from Ukraine, where her husband was arrested by invading Russian forces in May 2023. (AP Photo/Ebrahim Noroozi)
Liusiena Zinovkina, 32, reads a letter from her husband, Kostiantyn, in her room in Berlin, Germany, March 19, 2025. She fled to Germany from Ukraine, where her husband was arrested by invading Russian forces in May 2023. (AP Photo/Ebrahim Noroozi)
Olena Tsyhipa walks to her home in Kyiv, Ukraine, on April 3, 2025. Her husband, journalist and activist Serhii Tsyhipa, was imprisoned by the Russians in the early days of the war in Ukraine in 2022. (AP Photo/Evgeniy Maloletka)
Olena Tsyhipa looks at family photos in Kyiv, Ukraine, April 3, 2025. Her husband, journalist and activist Serhii Tsyhipa, was imprisoned by the Russians in the early days of the war in Ukraine in 2022. (AP Photo/Evgeniy Maloletka)
Olena Tsyhipa looks at family photos in Kyiv, Ukraine, on April 3, 2025. Her husband, journalist and activist Serhii Tsyhipa, was imprisoned by the Russians in the early days of the invasion of Ukraine in 2022. (AP Photo/Evgeniy Maloletka)
Olena Tsyhipa walks near a lake in Kyiv, Ukraine, on April 3, 2025. Her husband, journalist and activist Serhii Tsyhipa, was imprisoned by the Russians in the early days of the war in Ukraine in 2022. (AP Photo/Evgeniy Maloletka)
FILE - Oleg Orlov, the co-chair of the Nobel Peace Prize-winning human rights group Memorial, listens to questions during an interview with The Associated Press in Berlin, Germany, Aug. 8, 2024. (AP Photo/Markus Schreiber, File)
FILE - Ukrainian Nobel laureate Oleksandra Matviichuk prepares to testify at the 'people's tribunal' where prosecutors symbolically put Russian President Vladimir Putin on trial for the crime of aggression in Ukraine in The Hague, Netherlands, Feb. 23, 2023. (AP Photo/Peter Dejong, File)
Liusiena Zinovkina, 32, sits in her room in Berlin, Germany, March 19, 2025. She fled to Germany from Ukraine, where her husband was arrested by invading Russian forces in May 2023. (AP Photo/Ebrahim Noroozi)
