Adidas US Tariff costs rise 200 million euros

Adidas warns the US Tarifs will cost 12 million euros (£ 173 million) to German giants and confirm that the prices of American customers will rise.

Almost half of the company’s products are made in Asian countries agreed to trade agreements with the US.

Announcing his final results, Adidas Bjorn Gulden said the fares “directly will increase the cost of our products”.

He accepted that the company still does not know what effect the customer’s request “that all these rates can cause great inflation”.

The largest sources for Adidas goods are Vietnam, which makes 27% of sports clothing brands and Indonesia, which makes 19%.

Monthly, the US stretched trade agreements with two countries, imposing a rate of 20% on Vietnam goods and 19% in products made by Tariff in Indonesia.

US companies on the Adidas products for sale in America must pay the tariff.

Huge sports clothing, Gazelle and Samba well-known trainers warned that he could not produce most of our products in the US.

The May opponent also said that June will rise prices in trainers and clothes for customers and later warned the rates Add $ 1bn (£ 730 million) in its costs.

Adidas Boss Gulden said that the fares have affected the company, but said the final signs are directly increasing rates directly “the cost of our products up to 200 million euros in the US.

Despite the impact of tariffs, Adidas rose by 7.3% of sales in sales 12.1 million euros in the first half of the year, leaving 1 million euros from 549 million euros.

Sales of shoes rose by 9% in the second quarter of the year between April and June, while the revenue of the clothes rose by 17%.

Trump scored higher rates about all his global business partners to encourage more companies to manufacture in the US.

This week, Trump sealed a European Union Agreement to impose 15% rates in all imports, among the August 1st period.

He has previously threatened the rate of 30% of EU goods.

However, while the incident tax is lower, the German EU major economy has spoken against the agreement.

Friedrich Merz German Chancellor hit the US and would cause “great damage” in his country.

On Wednesday, the two most popular German patrons explained how the US rates were hit by their business.

Mercedes-Benz said the company expects almost a cost of almost 420 million euros this year, to accuse you of falling almost 70% of earnings in the second quarter.

Luxury car brand, Porschek increased by 3.6% to cover higher import cost taxes.

Meanwhile, in the UK, Aston Martin warned the advantages that this year would be marginal.

At the beginning of a month, Stellantis with Vauxhall, Jeep and Peugeot said rates It was already cost 300m €.