As tensions between the U.S. and China over trade reached a boiling point today, a statement of the legendary investor Charlie Munger has resurfaced on the topic of tariffs. In a joint interview with CNBC alongside Warren Buffett and Bill Gates in 2019, Munger addressed the growing trade dispute between the world's two largest economies. At the time, markets were rattled by a tweet from then-President Donald Trump threatening to hike tariffs on Chinese goods to 25%. When asked about the implications of such tariffs, Munger didn't mince words. "I don't think we want a full-scale tariff war as high as both sides can make it," Munger said. "That would be massively stupid." He acknowledged that negotiations would likely leave both countries feeling bruised, but insisted that discomfort was part of the process. "If both of them are a little disappointed with the negotiations and feel roughed up, that's the way they should feel," Munger said. "Since a settlement is so much better than a trad...