Trump’s tariffs hit Adidas, Nike and leave the sports industry ‘touched’
Sport, one of the world's great industries and, like practically all of them, is closely linked to international trade and global economic flows, has been greatly affected by the tariffs on imports to the United States imposed in the last few hours by President Donald Trump. Manufacturers of clothing and equipment such as Adidas, Puma and Nike have suffered sharp declines in their stock market value. As is well known, these companies, the first two European and the third American, carry out much of their production in Asia, in countries that have been heavily penalized by the president's protectionist policy. Nike carries out around 50% of its production in Asia and Adidas 40%.In recent hours, the stock market value of Adidas on the Frankfurt Stock Exchange has fallen by10.3%, Puma by 10.6% and Nike by10% on the New York Stock […]