The sports and footwear giant warned it will be forced to raise prices in the wake of Trump's tariffs, as it can't make its products in the U.S.

Adidas did not comment on how much prices would rise, but said the trade war had "put a stop to" an upgrade in its financial outlook. Mr Gulden said it was "currently impossible to quantify" cost increases resulting from tariffs,

Adidas has warned that new US tariffs will lead to higher prices for its popular trainers such as the Samba and Gazelle, as the German sportswear group said trade turmoil had “put a stop to” an outlook upgrade.