The Pitch: Paused for now, but tariff damage could still devastate sports industry

The only certainty we have is that the value of all of the key sports stocks is down, after an astonishing week of trading on the markets.

US president Donald Trump. Pic: AP

ONE of the sectors that will suffer most under Donald Trump’s sweeping tariff regime on global trade partners — which he has now paused for 90 days — will be sport.

If the US president doesn’t back down entirely from threatening global partners with even a 10% tax on goods coming into the US, the already jittery markets which met his initial tariff announcement last week will resume their downward decline.