Warren Buffett surprised investors at Berkshire Hathaway's annual meeting, announcing that he will step down as CEO at the end of 2025. Buffett once again faced questions about tariffs. While not specifically mentioning President Donald Trump by name,

Buffett talked about U.S. trade, the stock market and his own future at Berkshire Hathaway's annual shareholder meeting. Here are the highlights.

Warren Buffett warned of the perils of excessive tariffs, saying they should not be a "weapon" and that the U.S. would be more prosperous if other countries were.