Adidas warns it will raise prices on all U.S. products due to tariffs
Sportswear giant Adidas on Tuesday said that U.S. President Donald Trump's tariffs would result in price hikes for all its U.S. products.The company said it did not yet know by how much it would boost prices, also noting that the global trade dispute was preventing it from raising its full-year outlook despite a bumper increase in first-quarter profits."Higher tariffs will eventually cause higher costs for all our products for the US market," Adidas said in a statement.The company said it was "somewhat expo ...