Trump tariffs hit Buffett's Berkshire consumer goods businesses
NEW YORK (Reuters) -Warren Buffett's Berkshire Hathaway said on Saturday that its consumer goods businesses took a hit from U.S. President Donald Trump's trade policy, which raised tariffs on imported goods. The conglomerate's consumer products group, which includes companies such as Fruit of the Loom, Jazwares and Brooks Sports, posted a 5.1% revenue decline in the second quarter from a year earlier to $189 million, due to lower volumes, tariffs and business restructurings.