Source: International Business Times
Adidas has warned US tariffs could hit its earnings AFP German sportswear giant Adidas on Tuesday warned that US President Donald Trump's tariffs will increase prices for its products in the United States, and the hardline trade policies could dent its ongoing recovery. The firm makes a large chunk of its goods in Asian countries that Trump has singled out for running hefty trade surpluses with the United States, including China, which is facing the highest US levies. CEO Bjorn Gulden said Adidas had reduced its exports from China to the United States "to a minimum", but added that the group was still "somewhat exposed to those currently very high tariffs".
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