Berkshire Hathaway's consumer goods business impacted by trade policies, with a 5.1% decline in revenue in the second quarter.

[Coin World] On August 2 (UTC+8), Berkshire Hathaway (BRK.A.N, BRK.B.N) indicated that its consumer goods business has been impacted by U.S. President Trump's trade policies, which have raised tariffs on imported goods. The consumer goods division of the conglomerate (including brands such as Fruit of the Loom, Jazwares, and Brooks Sports) saw a 5.1% year-on-year decline in revenue to $189 million in the second quarter, primarily due to a drop in sales, tariff impacts, and business restructuring. Berkshire stated that the tariff policy has led to delivery delays. However, the company noted that the sneaker brand Brooks experienced a counter-trend revenue rise of 18.4% this quarter, thanks to improved sales. As Berkshire operates across multiple economic sectors, its performance is seen as a microcosm of the U.S. economy and thus attracts significant investor attention. At Berkshire's annual meeting in May this year, Buffett supported free trade, stating that tariffs should not be used as a weapon and emphasizing that balanced trade is beneficial for the world.