US EditionAdidas warns it will raise prices on all U.S. products due to tariffs
- Adidas announced it will raise prices for all of its U.S. products due to increasing tariffs from U.S. trade policies, as stated by CEO Bjorn Gulden.
- The company reported a net profit increase of 428 million euros in the first quarter, despite tariff challenges.
- Tariffs from the U.S. are impacting Adidas's operations, especially since most of its production is in Asian countries like China and Vietnam.
- Adidas is experiencing market uncertainties and cautioned that these could negatively affect its performance later in the year.
98 Articles
98 Articles
Associated Press News
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