Puma Positioned for Tariff Changes

(Reuters) – German sportswear maker Puma (OTC:PMMAF) is well positioned to react swiftly to tariff increases, CEO Arne Freundt said on Wednesday in response to questions about Donald Trump's plans to impose tariffs on some imports to the U.S.

Freundt emphasized that the multinational structure of the company's suppliers allows it to "quite easily" shift volumes from one country to another within the same supplier group when it observes duty increases in specific locations.

"We feel that for this volatile environment overall, we are very well positioned to react swiftly if certain tariffs are increasing in certain countries," he stated.