Berkshire Hathaway's second quarter operating profit dropped by 4%, warning of the negative impact of Trump's tariffs.

Warren Buffett's Berkshire Hathaway company announced on Saturday that its operating profit in the second quarter dropped by 4% year-on-year, to $11.16 billion. The company once again issued a stern warning about the potential impact of U.S. President Trump's tariffs on its various businesses. In its profit report, Berkshire stated, "The pace of change in these events, including international trade policies and tariff tensions, accelerated in the first six months of 2025. The ultimate outcome of these events still presents a significant level of uncertainty." "Most of our operating businesses and equity securities investments could be negatively impacted, which is reasonable, and this could seriously affect our future performance."