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

[Trump's tariffs hit Buffett's Berkshire consumer goods business hard] Buffett's Berkshire Hathaway (BRK.A.N, BRK. B.N) said its consumer goods business has been hit by US President Donald Trump's trade policy, which has raised tariffs on imports. Second-quarter revenue for the conglomerate's consumer division, which includes brands such as Fruit of the Loom, Jazwares and Brooks Sports, fell 5.1% year-over-year to $189 million, mainly due to lower volumes, the impact of tariffs and business restructuring. Berkshire said the tariffs had caused delays in order deliveries. However, the company noted that sneaker brand Brooks' revenue rose 18.4% in the quarter, thanks to higher volumes. Because Berkshire's business spans multiple sectors of the economy, its operating conditions are seen as a microcosm of the U.S. economy, which has attracted investors' attention. At Berkshire's annual meeting in May, Warren Buffett strongly supported free trade, saying that tariffs should not be a "weapon" and stressing that "balanced trade is good for the world." ( gold ten )