German sportswear giant Adidas on Tuesday warned that US President Donald Trump's tariffs will increase prices for its products in the United States, and the hardline trade policies could dent its ongoing recovery.

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.

Adidas warns that Trump's tariffs will lead to an increase in sneaker prices in the US as it relies on imports, affecting its business outlook.