Adidas Says Tariffs Will Add $231 Million to Second-Half Costs

Adidas shares fell 7.5 percent in early trade on Wednesday after the sportswear brand’s second-quarter sales missed expectations and it warned that higher US tariffs would add around €200 million ($231 million) to its costs in the second half.

Highlighting the impact of US president Donald Trump’s volatile trade policies, Adidas said uncertainty was holding it back from increasing its annual guidance despite reporting a stronger than expected second-quarter profit.

“We still do not…