Sportswear giant Adidas has warned import taxes imposed by President Donald Trump will lead to higher prices in the US for popular trainers including the Gazelle and Samba. "Since we currently cannot produce almost any of our products in the US,

The chief of the German sportswear giant said that unpredictability surrounding the tariffs prevented the company from issuing a full-year forecast, but he predicted a price increase for American consumers.

Adidas AG refrained from raising its financial targets for the year because of the concern around US tariffs, which will raise prices on consumers in the world’s biggest sports market and could upend the German brand’s momentum.