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Adidas, Puma Plunge as Trump’s Tariffs Shock Shoe Supply Chains

Adidas shares fell as much as 11% in early Frankfurt trading on Thursday, marking their steepest drop in over two years.

Adidas AG and Puma SE saw sharp declines after President Donald Trump announced new tariffs on key shoe and apparel manufacturing countries, including Vietnam and Indonesia.

By Bloomberg | 03 April 2025

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