The sportswear sector has taken a knock from US tariffs, but UBS thinks Adidas AG (OTCQX:ADDYY) can handle the pressure better than the rest. The German maker of the iconic Samba trainer might be facing the same global headwinds as its rivals, but UBS believes the brand is in a stronger position to come through the storm.
JD Sports Fashion PLC (LSE:JD.) shares were one of the biggest fallers in the FTSE 100 fallout from Donald Trump's new tariff announcement, ahead of a trading update from the sportswear retailer next Wednesday, 9 April.
Shares in Nike, Adidas and Puma dropped sharply on Thursday after U.S. President Donald Trump imposed a raft of new tariffs, including on Vietnam, Indonesia, and China, key sourcing markets for the sportswear companies.
Der Sportartikelhersteller Adidas DE000A1EWWW0 hat mit seiner Aussage "Bis 2050 werden wir klimaneutral sein" irreführend und unzulässig geworben.
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