Warren Buffett favors sticking with Iran nuclear deal

Billionaire investor Warren Buffett said Monday he would prefer that the U.S. not exit the Iran nuclear deal and thinks China and the U.S. must find a harmonious solution on trade.

“I favor continuing the deal,” Buffett said during an interview with Liz Claman on “Countdown to the Closing Bell” on FOX Business. “The question is peace over time and the security of Israel.”

President Donald Trump took to Twitter on Monday to say that he will announce his decision on the Iran nuclear deal on Tuesday. He faces a May 12 deadline over whether to uphold the Obama administration’s 2015 nuclear deal.

Buffett told Claman that the nuclear deal may not be perfect but is a worthwhile attempt to reduce Iran’s weapons capacity and minimize tension in the Mideast.

“We do not live in a perfect world, and we do live in a nuclear world and everybody makes their own judgments on what reduces nuclear risk the most over time,” Buffett said.

The Berkshire Hathaway chairman and CEO discussed the current trade spat between the U.S. and China, the world’s two largest economies, saying finding a cooperative solution is what will move the world forward.

“China and the United States have to get along,” Buffett told Claman. “We are the two superpowers.”