Sportswear, fashion retailers rally in Europe after temporary tariffs reprieve
ReutersApr 10, 2025 7:45 AM
Shares in European sportswear and fashion retailers jump on Thursday as U.S. President Donald Trump paused tariffs on many countries
Adidas ADSGn.DE is up around 10% after falling 16% over the past five trading sessions
Puma PUMG.DE jumps 11%, British sportswear retailer JD Sports JD.L climbs 11%
Fast-fashion retailers H&M HMb.ST, Inditex ITX.MC rise 6% and 4%, respectively
Their shares dropped sharply after Trump announced tariffs on key manufacturers of sportswear and apparel, including Vietnam and Indonesia
Online fashion marketplace Zalando ZALG.DE also up around 10%
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