Trump's tariffs have severely impacted Berkshire Hathaway's consumer goods business.

On August 2, Berkshire Hathaway, led by Buffett, (BRK.A.N, BRK.B.N), stated that its consumer goods business has been impacted by President Trump's trade policies, which have increased tariffs on imported goods. The consumer goods division of this corporate group, which includes brands like Fruit of the Loom, Jazwares, and Brooks Sports, saw a 5.1% year-on-year decline in revenue in the second quarter to $189 million, primarily due to a drop in sales, tariff impacts, and business restructuring. Berkshire noted that the tariff policy has led to delays in order deliveries. However, the company pointed out that the sneaker brand Brooks experienced a counter-trend revenue rise of 18.4% this quarter, thanks to increased sales. As Berkshire operates across multiple economic sectors, its business performance is seen as a microcosm of the U.S. economy, attracting significant attention from investors. At Berkshire's annual meeting in May this year, Buffett expressed support for free trade, stating that tariffs should not be used as 'weapons' and emphasized that 'balanced trade benefits the world.' (Jin10)