Adidas warns US tariffs to push up prices

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". "What is even worse for us is the general increase in US tariffs from all other countries of origin," he said...