Below is a summary of the full article. Click here for the full version or go back to LFC Live.net

Donald Trump has declared significant tariffs on all goods entering the US, and this move is set to impact shoppers in the UK(Image: Getty Images)

Three months into his second stint as President of the United States, Donald Trump has caused plenty of controversy.

His recent adoption of huge reciprocal tariffs has caused huge tumult in the global economy.

Earlier this month 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.

Last week, concern was raised as US stocks continued to tumble, with Federal Reserve Chair, Jerome Powell, warning that President 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.

How might that be impacted?

Article continues below

The American market has become increasingly important to major European football clubs, not least Liverpool.

Liverpool’s chief commercial officer, Ben Latty, in an exclusive interview with the ECHO earlier this month, explained how crucial the US was to the Reds’ commercial strategy, with Latty stating that it was the club’s second largest retail market after the UK.

The UK’s tariffs under Trump sees 10% tariffs imposed on goods exported to the US, and the football industry will be exposed in some way, albeit at a smaller scale than may have first been thought.

In times of economic uncertainty, recent years have seen sporting assets such as football teams become something of a safe haven for investors.

That’ll be an issue that will ripple through the value chain.”

Cardinale’s view that the sports eco-system will be largely unaffected by Trump’s tariffs was a sentiment echoed by one of the most prolific sports-focused investment funds in recent years, Arctos Sports Partners.

Arctos have built up a vast portfolio of investments across the NBA, NFL, NHL and MLB, as well as holding an indirect stake in Liverpool through FSG, where they are a minority partner, as well as a 12.5% stake in Paris Saint-Germain and a slice of Italian side Atalanta.

Addressing the issue on their website in a note to investors, the firm, co-founded by Ian Charles and David ‘Doc’ O’Connor, commented: “Should the tariffs remain in place, we would expect a jump in inflation for many consumer goods, especially household durables, apparel, and electronics.

“Otherwise, the impact should follow what one would expect from a sudden fiscal contraction of approximately 2% of national income, which is what the tariffs announced on April 2 would represent.

“We believe franchises enjoy minimal tariff exposure and are well-positioned.