Adidas Warns: Due to Tariffs, Company to Increase Prices on All Products Sold in the U.S.
The athletic apparel giant Adidas said on Tuesday that tariffs imposed by U.S. President Donald Trump will lead to price increases on all products sold in the United States. The company stated that it is unclear how much prices will rise, noting that despite a significant increase in first-quarter profits, global trade disputes have hindered its ability to raise full-year earnings expectations.
In a statement, Adidas said, "Higher tariffs will ultimately result in increased costs for all products we sell in the U.S. market." The company continued in the statement, "Given the uncertainty surrounding negotiations between the U.S. and exporting countries, we do not know what the final tariff rates will be."
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