German manufacturer Adidas has warned that new tariffs imposed by the Trump administration could force the company to raise prices in the US, estimating a €200m cost increase in the second half of 2025. Adidas shares fell 11%, with CEO Bjorn Gulden voicing concerns about consumer reaction to the price hike. Although Adidas will maintain prices on popular models, new products will be affected. Tariffs of 20% on exports from Vietnam and 19% from Indonesia significantly affect costs, but Adidas remains committed to the US market.
Sources
Latest News
17:03
Israel will close all crossing points in the West Bank on election day, following the attack in Hebron
16:41
Cristi Chivu's Inter dramatically defeated Radu Drăgușin's Fiorentina, turning the score around in stoppage time
16:16
The new Minister of Education supports dividing the institution into two separate ministries
15:55
Transgaz sells more gas than it buys for balancing, ACER says
15:38
Russia calls for Europe’s direct involvement in peace negotiations to end the war in Ukraine
See more news