Adidas reports profit surge but warns of tariff impact

GERMAN sportswear giant Adidas said yesterday it took a hit from US tariffs in the second quarter but did not indicate whether it would pass on rising costs to consumers.

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The world's second-biggest sports outfitter said the levies introduced by US President Donald Trump had “a negative impact in the double-digit euro millions” between April and June, without giving a specific figure.

US tariffs would also add around €200 million to Adidas's costs in the second half of the year, it said.

The company did not indicate whether it would pass on these costs to consumers and expressed concern that rising prices overall could dampen demand.