Berkshire Hathaway, owned by Warren Buffet, said on Saturday that his consumer goods businesses They were affected by the commercial policy of the president of the United States, Donald Trump, who raised tariffs on imported products.
The group of consumption products of the conglomerate, which includes companies such as Fruit of the Loom, Jazwares and Brooks Sports, recorded a decrease in income of 5.1% in the second quarter compared to the previous year, Up to US $ 189 million, due to lower volumes, tariffs and business restructuring.
Berkshire said the tariffs produced delays in orders and shipments.
Even so, the company said the income of the Brooks Footwear Manufacturer They increased 18.4% in the second quarter, by increasing the sales of units.
Buffett’s conglomerate is closely followed by investors, since its wide range of business in different sectors is considered a microcosm of the American economy in general.
In May, during the annual Berkshire meeting, Buffett firmly defended free trade, stating that tariffs should not be a “weapon”, he added: “A balanced trade is good for the world.”
On Saturday, the conglomerate said that its operational income of the second quarter fell 4% to US $ 11,160 million, or around US $ 7,760 per class A action, From US $ 11.6 billion a year earlier.
