Adidas CEO Bjørn Gulden is speaking out as new tariffs will undoubtedly affect the popular brand in the coming months. In a recent report, Gulden noted that the company's Q1 numbers were up. In fact, he said that the company saw "double-digit growth across all markets and channels," according to The Street.

The company reiterated its expectations for the year, but warned that Trump’s tariffs could weigh on performance, prompting possible price increases in the U.S. to mitigate the hit.

The sports and footwear giant warned it will be forced to raise prices in the wake of Trump's tariffs, as it can't make its products in the U.S.