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Adidas is facing substantial costs due to tariffs, leading to stock drop. Historical data shows tariffs negatively impact margins and investor confidence.
What happened, with direct paths to the underlying reporting
Trump discusses potential tariff reductions with South Korean officials. New 50% tariff on Brazil imports takes effect on August 6. Adidas warns tariffs could cost $230 million in U.S. operations. India faces new tariffs as August 1 deadline looms. Overall trade deal progress appears stagnant ahead of deadline.
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