Trump's tariffs severely impacted Berkshire Hathaway's consumer goods business #pump #BTC

Berkshire Hathaway, under Warren Buffett, ( BRK.A.N, BRK.B.N ), stated that its consumer goods business has been impacted by the trade policies of U.S. President Trump, as these policies have raised tariffs on imported goods. The consumer goods division of this corporate group (including brands such as Fruit of the Loom, Jazwares, and Brooks Sports) saw a year-on-year revenue decline of 5.1% in the second quarter, down to $189 million, primarily due to a drop in sales, the impact of tariffs, and business restructuring. Berkshire noted that the tariff policies have caused delays in order deliveries. However, the company pointed out that the sneaker brand Brooks experienced a contrary revenue growth of 18.4% this quarter, benefiting from an increase in sales. As Berkshire's operations span multiple economic sectors, its business conditions are seen as a microcosm of the U.S. economy, thus attracting significant attention from investors. At Berkshire's annual meeting in May this year, Buffett voiced support for free trade, stating that tariffs should not be used as a "weapon" and emphasized that "balanced trade is beneficial for the world."