#TradeWarEases Shares of Adidas and Puma rise after tariff agreement between the US and China
Shares of sports equipment manufacturers Adidas (XETRA:ADS) and Puma (XETRA:PUM) rose by 3.4% and 5.9%, respectively, following an agreement between the United States and China to reduce mutual tariffs.
The agreement, which involves a significant reduction in tariffs imposed by both nations, had a direct impact on the stock prices of these German-origin companies.