How Donald Trump tariffs might impact football clubs as markets reel
US President Trump last month revealed major tariff increases for some nations
It’s been another low-key month for Donald Trump as he heads into his fourth month as President of the United States of America.
What about those tariffs, eh? That went down well.
Last week saw the tariffs on foreign goods, as laid out by Trump last month, come into effect for those countries that avoided the harshest tariffs. Countries hit by significant tariffs, apart from China whose rate went up to 145% on most goods, were handed a 90-day extension in order to work a deal.
The financial markets responded badly to the move. On Wednesday, concern was raised as US stocks continued to tumble, with Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.”
In many industries, the tariffs have the potential to be hugely impactful for business, and that is concerning for the economies both in the US and overseas. There are few untouched by Trump’s manoeuvre.
But what of the football industry and the broader sporting landscape? How might that be impacted?
Keep reading with a 7-day free trial
Subscribe to The Bottom Line to keep reading this post and get 7 days of free access to the full post archives.