Trump's tariffs hit Buffett's Berkshire Hathaway consumer goods business hard
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最新报道：According to Bijie.com, on August 2 (UTC+8), Berkshire Hathaway (BRK.A.N, BRK.B.N), owned by Warren Buffett, stated that its consumer products business was impacted by US President Trump's trade policies, which increased tariffs on imported goods. The conglomerate's consumer products division (which includes brands such as Fruit of the Loom, Jazwares, and Brooks Sports) reported a 5.1% year-on-year revenue decline to $189 million in the second quarter, primarily due to declining sales, tariff impacts, and business restructuring. Berkshire cited tariffs as delays in order fulfillment. However, the company noted that Brooks, the athletic shoe brand, bucked the trend, achieving an 18.4% revenue increase in the quarter, driven by increased sales. Because Berkshire's businesses span multiple economic sectors, its performance is seen as a microcosm of the US economy, attracting considerable investor attention. At the Berkshire Hathaway annual meeting in May, Buffett strongly supported free trade, stating that tariffs should not be used as a weapon and emphasizing that balanced trade is beneficial to the world.
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