Warren Buffett’s Berkshire Hathaway reported a 5.1% revenue decline in its consumer goods businesses due to Trump’s tariffs, hitting $189 million in the second quarter. Brooks Sports saw an 18.4% revenue increase, while overall operating income fell 4% to $11.16 billion. Buffett defends free trade as beneficial for the economy.

Read more at Yahoo Finance: Trump tariffs hit Buffett’s Berkshire consumer goods businesses