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.
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99 Articles
Associated Press News
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Adidas said Trump's tariffs will lead to price increases on its products, including sneakers.Jakub Porzycki/NurPhoto via ReutersAdidas says Trump's tariffs will hike sneaker prices in the US market.Its CEO warned that uncertainty around tariffs is stalling the company's business outlook.Adidas joins other major brands preparing for price hikes amid trade fears.Add sneakers to the growing list of things that tariffs will make more expensive.Adida…
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